The OPIC Blog

Archive for the Africa Tag

Featured photo: Supporting agriculture in Uganda

A worker sorts through African bird’s eye chili peppers grown by farmers in eastern Uganda for Sunshine Agro Products, a chili and spice exporter, and one of the businesses supported by OPIC client Root Capital. Since 2010, OPIC has committed more than $30 million in loans to Root Capital, a Massachusetts-based nonprofit social investment fund that lends to rural businesses Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

OPIC at a glance

From a growing commitment to renewable resources to support for American small businesses, learn more about some of our major accomplishments in this cheat sheet.

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

U.S.-Africa Clean Energy Finance Initiative – Supporting renewable energy to power Africa

By John Morton, OPIC Chief of Staff Imagine an expanse of land stretching from the Statue of Liberty to the Golden Gate Bridge in which most residents live their daily lives without a single watt of electricity. Some 300 million Americans would travel home from work on darkened streets, read at night by the light of candles, think twice about Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

‘Don’t let Ebola obscure Africa’s larger promise’: OPIC’s CEO on the future of Africa

The development news outlet Devex published an op-ed by OPIC President and CEO Elizabeth Littlefield on the promise of economic growth in Africa. In her piece, “Don’t let Ebola obscure Africa’s larger promise and challenges,” Littlefield writes that America’s increased engagement with Africa comes at a pivotal moment when investors are helping build the energy infrastructure in Africa with unprecedented Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Year in review: OPIC’s top blog posts of 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 Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured photo: Affordable housing in South Africa

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. Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Business as a force for good: OPIC celebrates another banner year

  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 Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured photo: Modern machinery for smallholder farmers in Senegal

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 Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Business climate improves in many African countries but access to electricity remains a challenge

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 Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

One Big Continent, One Big Summit, Three Big Lessons

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 Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email