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Shining a light on Africa’s future

February 21, 2014

By Judith Pryor Vice President, Office of External Affairs, Overseas Private Investment Corporation There is a popular satellite photo of the earth at nighttime that really captures the severity of Africa’s power shortages. While much of the rest of the world shines brightly, the African continent sits mostly in darkness. It is easy to look at that image and conclude
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Getting to dawn in Sub-Saharan Africa: OPIC’s Whalen on the changing investment climate on the continent

January 22, 2014

OPIC Vice President, Structured Finance, Michael Whalen wrote about Africa’s energy deficit in Project Finance International’s 2014 Yearbook, where he said that an improving investment climate and the U.S. Power Africa initiative have created momentum for increased electrification “after years of missed opportunities.” “For a long time global appetite for project finance in Africa was strongly concentrated in natural resource
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Featured Photo: OPIC supported power plant named one of world’s best

September 20, 2013

The OPIC-supported Amman East Power Plant in Jordan was recently named one of the world’s top five gas-fired plants by Power Magazine. OPIC committed a $70 million loan to AES Corp. of Arlington, Virginia in 2007 to support construction of the plant, which was Jordan’s first independent power plant and has helped the country reduce reliance on imported energy. In
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OPIC’s President and CEO heads to Haiti to support micro lending for sustainable reconstruction

February 25, 2013

This week, OPIC’s President and CEO Elizabeth Littlefield will lead a delegation of OPIC representatives on a visit to Haiti to launch an important mortgage finance project developed in partnership with the U.S. Agency for International Development (USAID) and the Clinton Bush Haiti Fund. Development Innovations Group (DIG), a U.S.-based housing finance and urban development firm, will manage the project.
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OPIC and GE partner to bring clean cookstoves to East Africa

February 05, 2013

Last Thursday, outgoing Secretary of State Hillary Clinton announced a new OPIC partnership with GE to finance a clean cookstoves project in East Africa – one of a select series of public-private partnerships producing sustainable solutions to key global challenges that she chose to highlight during her final week in office. Developmentally, the project addresses one of the world’s most
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Six questions about impact investing

June 05, 2012

By: Mitchell L. Strauss, Special Advisor Socially Responsible Finance Investors are increasingly talking about “Impact Investing,” but the practice is not new to OPIC, which has a 40-year history of transforming private capital into solutions for common social and environmental challenges around the world. This Q&A explains the concept of Impact Investing, and why it offers the potential for such strong
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OPIC’s 2011 annual report looks back on the agency’s first 40 years

May 31, 2012

In issuing our annual report for 2011, we also marked a milestone: 40 years of investing with impact across the developing world. Often we use this blog as an opportunity to talk about our new projects or our response to current global development challenges. But OPIC’s rich history also underscores how our development finance model endures in a world where the social, environmental
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OPIC Executive Vice President Mimi Alemayehou Discusses Extensive Growth Opportunities in Africa

May 21, 2012

In this Q&A video, OPIC Vice President Mimi Alemayehou discusses the extensive growth opportunities in Africa, including the demand for energy and power as the continent continues to develop.

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Photos: In India, telecom sector taps solar power

October 12, 2011

OPIC’s board recently approved $150 million in financing to expand the use of solar energy to power telecommunications towers in India. Applied Solar Technologies plans to use the financing to supplement the diesel-powered generators on the cellular towers with solar hybrid energy systems. Attached are some photos of the project.

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Food is a renewable resource

July 12, 2011

Last month, OPIC approved nearly $500 million for five renewable resource private equity funds, easily surpassing a pledge OPIC President and CEO Elizabeth Littlefield made at the 2010 U.N. Climate Change Conference, to provide at least $300 million for private equity investment in renewables. The five funds, which were selected from 56 funds that responded to OPIC’s call for proposals,
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