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Year in review: OPIC’s top blog posts of 2014

December 22, 2014

OPIC extended its work addressing major world development challenges in 2014, supporting projects to build power plants and other major infrastructure, increase access to food and clean drinking water, introduce cleaner sources of energy, improve the quality of healthcare and help individuals lift themselves out of poverty by providing affordable mortgages to build stable homes and small businesses. We’re recapping
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Featured photo: Affordable housing in South Africa

December 19, 2014

Newly constructed homes built with investments from the OPIC-supported South African Workforce Housing Fund, are providing housing to nearly 8,000 low-income and working class families in Johannesburg. By investing in low-income housing the fund has also helped establish the affordable home sector as a viable asset class in the market, attracting further development capital to address South Africa’s housing shortage.
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Business as a force for good: OPIC celebrates another banner year

December 19, 2014

  Simpa Networks, a new OPIC client is working to provide solar power to tens of thousands of rural Indians. OPIC this week announced fiscal year financial results showing another strong year in 2014, including $3 billion in financing and insurance commitments in emerging markets, which mobilized an additional $3.2 billion in private-sector investment. OPIC also extended its longstanding track
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Featured photo: Modern machinery for smallholder farmers in Senegal

December 05, 2014

Smallholder farmers harvest grain more efficiently with modern equipment provided by Aventura Investment Partners, an OPIC client that provides both equipment and training on best practices to help these farmers significantly improve yields. While much of Africa’s food is grown by small-scale farmers with plots of less than four acres, these farmers often lack basic equipment, like tractors, which significantly
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Business climate improves in many African countries but access to electricity remains a challenge

November 06, 2014

Doing business in Africa is not always easy, but the business climate is improving in many African countries, the World Bank’s latest Doing Business report shows. The latest version of the Bank’s widely-watched report shows that many countries in Sub-Saharan Africa have adopted reforms related to starting a business, protecting investors, paying taxes and registering property. Five of 10 countries listed
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One Big Continent, One Big Summit, Three Big Lessons

September 10, 2014

By Elizabeth Littlefield, OPIC President and CEO This blog post originally appeared on the U.S. State Department’s DipNote blog Just last month, President Obama hosted a spectacular and historic summit in Washington of more than 40 heads of state from Sub-Saharan Africa. Never before had there been such an ambitious American outreach to this enormous continent, a fact all the more
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Powering Africa: The off-grid challenge

September 09, 2014

President Obama’s Power Africa initiative harnesses the power of private sector investment to help the more than 600 million people in Sub-Saharan Africa, who lack access to energy. It’s a staggering number, but also one that does not fully capture the extent of energy poverty on the continent, or the challenge of delivering power to many of the more rural
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U.S. Department of Commerce highlights historic U.S.-Africa Business Forum and the significant gains for Africa-U.S. business ties

September 03, 2014

Under Secretary of Commerce for International Trade and new OPIC board member Stefan M. Selig recently wrote a guest post for the U.S. Department of Commerce’s blog that highlights the first-ever U.S.-Africa Business Forum, which convened American and African business leaders with the heads of nearly 50 African nations. The purpose of the event was to foster the exchange of
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Featured photo: Underscoring the opportunity of private investment in Africa

August 15, 2014

Elizabeth Littlefield (center), President and CEO of OPIC, signs a memorandum of understanding with Thomas McCaffery (left), Wells Fargo’s Executive Vice President, and Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank, at OPIC’s Washington headquarters on August 4. The memorandum, signed on the margins of the historic U.S.-Africa Leaders Summit, aligned OPIC, Wells Fargo and Attijariwafa’s efforts
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Highlights from the Field: ACEF supports African renewable energy projects for enduring development

August 12, 2014

By Sarah Carta, OPIC U.S.-Africa Clean Energy Finance Program Manager OPIC’s U.S.-Africa Clean Energy Finance (ACEF) team recently traveled to Africa to seek out thriving clean energy technology resulting from ACEF support – from off-grid solar power in Tanzania to smart meters in Ethiopia to grid-connected solar in Rwanda. Energy is a crucial piece of the development puzzle, and access
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