The OPIC Blog

Archive for the Kenya Tag

Featured photo: Kenyan woman giving back uses microfinance loan to open a school

In honor of Women’s Small Business Month, we’re featuring female entrepreneurs around the world who have benefited from OPIC financing. This picture shows schoolchildren in Rongai, Kenya heading to class Pine Breeze Academy, which was started by local entrepreneur Lillian Alwi. Alwi obtained loans from KWTF, a microfinance institution supported by OPIC, and was able to open the school, which Read more…

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Featured Photo: Providing equipment to support agricultural co-ops in Kenya

A worker for BrazAfric, a social enterprise that provides agricultural tools and machinery to farmers, inventories supplies in the company’s warehouse in Kenya. Many farmers who produce much of the food on the continent often can’t afford basic equipment. Supported by Grassroots Business Fund, an OPIC client that received a loan in 2011, BrazAfric is helping farmers with productivity improvement Read more…

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Obama visit to Kenya highlights Africa’s immense potential

“Kenya may well be on its way to becoming a ‘silicon savannah,’ a hub of excellence and innovation in technology,” OPIC President and CEO Elizabeth Littlefield wrote in a piece published in All Africa, as she joined President Barack Obama on a historic trip to Africa. “The goal, of course, is to ensure that Africa can do more than catch Read more…

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Supporting education with technology: OPIC client provides free internet to schools in Kenya

Wananchi Group Holdings Ltd., an OPIC client that is working to expand internet connectivity in East Africa, has used its fiber-optic infrastructure to install free internet access in more than 100 schools in Kenya. In 2012, Wananchi obtained $72 million in OPIC financing for a project that is helping address the needs of Africa’s growing consumer class by improving data, Read more…

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Focus on OPIC Impact Award Winner: Bridge International Academies (Development Impact)

OPIC’s mission to leverage private business to help address the world’s most critical development challenges takes many shapes and operates at different scales. But one of the most direct and foundational cases of this development mission carried out through an impact-minded business plan is through OPIC’s partnership with Bridge International Academies, a winner of OPIC’s 2015 Impact Awards in the Read more…

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Featured photo: Preventing malaria deaths

Malaria nets hang above the beds in this small health clinic, one of many in Sub-Saharan Africa that has been able to expand and purchase more equipment with the help of Medical Credit Fund (MCF). MCF provides financing to small health clinics in Ghana, Nigeria and Kenya that are a crucial part of healthcare delivery, but often struggle to obtain Read more…

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What urbanization means for development

Multiple OPIC projects address urban development challenges, often by supporting financing to small businesses that will create jobs. Nicholas Aoama Oyiek is a garage owner in Nairobi, Kenya, who employs 20 people and was able to obtain financing to build his business with the help of an OPIC backed private equity fund. Read more. In 1950, less than one-third of Read more…

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Geothermal key to powering Africa

By Stephen Morel Climate Finance Specialist, OPIC In the next three years, Africa is expected to see an unprecedented amount of geothermal power come online. Through President Obama’s Power Africa initiative, OPIC is poised to be a key player in unlocking the potential of geothermal on the continent. During the Geothermal Resources Council’s 38th Annual Meeting in September, attendees explored how Read more…

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Powering Africa: The on-grid challenge

Second in a series looking at OPIC’s work supporting President Obama’s Power Africa Initiative See also: Powering Africa: The off-grid challenge President Obama’s Power Africa initiative has increased awareness of the challenge of extreme energy poverty in Sub-Saharan Africa and in doing so, has also highlighted the need for off-grid power solutions to reach a large share of Africa’s rural Read more…

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