The OPIC Blog

Archive for the Africa Tag

OPIC achieves major milestone, surpassing its initial Power Africa commitment

Two years ago President Obama launched one of the most ambitious development initiatives of his Presidency and enlisted the support of OPIC in Power Africa, designed to bring more electricity to the hundreds of millions of people in Sub-Saharan Africa who have none. OPIC committed $1.5 billion to the initiative and this week we reported that we’ve surpassed that initial Read more…

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Foreign investment into Africa surges in 2014

Although foreign direct investment took a hit worldwide in the past year, Africa continued to generate strong interest, with a 136 percent increase in capital invested over the previous year, Ernst & Young’s latest Africa Attractiveness Survey shows. This investment created 188,400 new jobs in Africa, it said. This growth in FDI dollars invested came despite an overall decline in Read more…

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Throwback Thursday: A look at the 2014 inaugural OPIC Impact Award winners

As we wrap up the 2015 OPIC Impact Awards recognizing the work of seven clients who demonstrated excellence in development, we wanted to look back at last year’s inaugural awards, the first time we hosted an event to formally honor the diverse work of our clients and the positive impact they are having around the world. The inaugural 2014 awards Read more…

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Focus on OPIC Impact Award Winners: Root Capital

In recent years as OPIC has increased its focus on renewable resources, it has supported investments not just in renewable energy sources like solar and wind power, but also in clean water, forest preservation and sustainable agriculture, which are all essential to feeding a growing planet. There may be no resource more fundamental than food, but many of the world’s Read more…

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Four data points showing five years of progress at OPIC

OPIC’s 2014 annual report … in addition to highlighting full year results … offers some data on the Agency’s progress over the past five years. These include: Steady growth in OPIC’s total portfolio:   A sharp increase in renewable energy commitments:   A strong focus on investing in Sub-Saharan Africa, which accounted for more than a quarter of new commitments Read more…

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The challenge of building affordable housing in developing countries … and how DFIs can help

By Debra Erb Managing Director, OPIC Housing Programs (This blog is adapted from a speech Debra Erb delivered in November 2014 at the general meeting of the African Union for Housing Finance.) One of the fundamental steps to advancing development in emerging markets is giving low-income people a secure place to live. As a banker who has successfully assembled financing Read more…

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Water for agriculture: How one innovative project is helping African farmers grow more food

March 22 is World Water Day, an occasion to remember how water is fundamental to life and fundamental to global development. In many parts of Africa, poor farmers operate with little equipment and can only water their crops when it rains. Being so dependent on the weather for their livelihood is not only inconvenient, it’s also costly. Even a lengthy Read more…

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Why global development is a women’s issue

By Judith Pryor Vice President, Overseas Private Investment Corporation The developing world faces a multitude of challenges from poverty to food insecurity to insufficient electricity, all which limit the lives of millions of men and women. But in my time working to support global development at the Overseas Private Investment Corporation (OPIC), I’ve come to understand that many of these Read more…

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Featured photo: Logistics startup employs hundreds in Tanzania

A truck driver and operations manager are just two of the 248 full-time workers employed in by Alistair James Co., which built a logistics and trucking company with the support of OPIC financing. In a region where limited rail lines and shipping ports makes businesses and local aid operations heavily reliant on trucking, U.S. businessman Alistair James built the company Read more…

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OPIC client Root Capital reaches a $100 million milestone

Congratulations to OPIC client Root Capital for reaching $100 million in active loans for the first time in its 15-year history! Root Capital is a nonprofit social investment fund that strengthens rural livelihoods in poor, environmentally vulnerable places in Africa and Latin America. Root Capital provides a reliable source of financing for clients, enabling them to make investments in agricultural Read more…

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