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

July 31, 2015

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
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Obama visit to Kenya highlights Africa’s immense potential

July 27, 2015

“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 Kenya’s Daily Nation, 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
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Supporting education with technology: OPIC client provides free internet to schools in Kenya

June 24, 2015

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

June 09, 2015

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
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Featured photo: Preventing malaria deaths

April 24, 2015

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
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What urbanization means for development

November 12, 2014

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
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Geothermal key to powering Africa

October 23, 2014

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
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Powering Africa: The on-grid challenge

October 08, 2014

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
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Development, National Security And OPIC: Secretary Kerry Connects the Dots

September 24, 2014

Secretary of State John Kerry offered a sweeping view of the power of global development last week, when he spoke at USAID’s Frontiers in Development conference. Kerry stressed that extreme poverty and other major world development challenges presented challenges not only to “our values and our sense of humanity” but also “to our security,” and that they could best be
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Featured photo: OPIC meets with community groups near Kenya’s Lake Turkana

September 12, 2014

OPIC’s Office of Investment Policy recently met with community groups at Lake Turkana in Northern Kenya as part of a due diligence review of the Lake Turkana wind power project. During the summer, OPIC’s board approved a $250 million financing commitment to support construction of the 310-megawatt Lake Turkana wind power plant, which will boost Kenya’s installed energy capacity by
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