The OPIC Blog

Archive for the Kenya Tag

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

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 Read more…

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Featured photo: OPIC meets with community groups near Kenya’s Lake Turkana

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 Read more…

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Committing to continued investment in Africa

OPIC President Elizabeth Littlefield signs a memorandum of understanding on August 4 with Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank; and Thomas McCaffery (left), Wells Fargo executive vice president, expressing their interest in deepening cooperation to expand lending to small and medium enterprises in Morocco and other African countries. The MOU was one of multiple signed Read more…

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Featured photo: Helios Investment Partners, winner of OPIC Impact Award for Private Equity

Nicholas Aoama Oyiek, who owns a garage employing 20 people in Nairobi, is just one of the small business owners who have benefited from the support of Helios Investment Partners LLC, a private equity firm that is managed by Africans and invests exclusively in businesses in Sub-Saharan Africa. His success also helps illustrate the impact of OPIC’s support for emerging Read more…

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Schwab Foundation names Bridge International Academies one of 2014’s top social entrepreneurs

  Bridge International Academies, a low-cost network of schools in Kenya that is expanding with the support of OPIC financing, has been named one of the Social Entrepreneurs of the Year for 2014 by the Schwab Foundation for Social Entrepreneurship. Bridge’s innovative model offers high-quality education for less than $6 per student, per month to thousands of children in hundreds Read more…

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Shining a light on Africa’s future

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 Read more…

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Featured photo: Tablet-based teaching offers a scalable education model in Kenya

A teacher at one of Bridge International Academies’ schools in rural Kenya delivers a lesson via a tablet computer. OPIC is supporting Bridge’s expansion in Kenya with a $10 million loan. Bridge’s innovative model for educating large numbers of poor children is based on a standardized curriculum that each teacher accesses from an electronic device. NPR recently described the model Read more…

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In Kenya: Quality education even low income families can afford

In Kenya, primary school starts at the age of six and runs for eight years, and while the public schools are free to all children, they often suffer from limited resources. OPIC recently agreed to support a business that is providing an affordable education alternative to thousands of Kenyan families through a series of 237 schools it is building throughout Read more…

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Financial inclusion for Africa’s healthcare providers

By Dia Martin, OPIC, Senior Investment Officer On a continent that carries a disproportionate share of many diseases from HIV-AIDS to high blood pressure, access to finance poses a major challenge to the small clinics that serve so many lower and middle class Africans. These clinics often struggle to access even small amounts of credit to maintain or expand their Read more…

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OPIC board approves seven new deals at September meeting

OPIC’s Board of Directors held its final meeting of the fiscal year on September 19 and approved deals in Africa, the Middle East and Latin America that will improve access to electricity, small business lending, and healthcare while supporting U.S. investment in developing countries. The deals approved include: Small business lending in Kenya: OPIC agreed to provide a $75 million Read more…

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