The OPIC Blog

Archive for the Nigeria Tag

Featured Photo: Expanding access to healthcare in Nigeria

Doctors at a Cedarcrest Orthopedic Clinic in Abuja show some of the advanced equipment at the facility, which has been expanded with the support of OPIC financing. At a time when limited healthcare has led many Nigerians to seek medical care in the U.S. or Europe, Cedarcrest is providing modern facilities in Abuja and Lagos that offer advanced surgical procedures. Read more…

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The hard and necessary work of investing in the world’s most vulnerable places

“As Afghanistan moves forward with its own security forces and a democratically elected unity government, business will be key to sustaining the momentum catalyzed by the massive U.S. and international efforts over the last decade,” OPIC President and CEO Elizabeth Littlefield writes in The Huffington Post. The piece, which outlines OPIC’s work supporting development in vulnerable places from Afghanistan to 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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Snapshots in development: Annual report highlights OPIC’s far-reaching impact

From Vietnam to Afghanistan, Malawi and Brazil, OPIC supports projects that build power plants and water treatment facilities, increase access to food and healthcare, introduce cleaner sources of energy and help address poverty by building affordable housing and establishing loan facilities to support entrepreneurs and small businesses. OPIC’s 2014 annual report takes an in-depth look at the far-reaching impact of 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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“Energy prosperity can replace energy poverty:” NPR highlights Power Africa and OPIC’s latest commitment

National Public Radio featured the African Leaders Summit and President Obama’s Power Africa initiative this week in a story that highlighted OPIC’s latest Power Africa project, its $50 million commitment to the 450-megawatt Azura-Edo natural gas power plant in Nigeria. Power Africa aims to double the number of people in Africa who have access to power and this week’s summit 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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Beyond BRIC: The next economic giants

  It’s been 13 years since economist Jim O’Neill coined the term BRIC to refer to the four developing countries (Brazil, Russia, India and China) enjoying strong economic growth and promise rivaling or surpassing that seen in the developed world. Since then, many countries beyond the BRIC four have also started enjoying accelerated growth and economic promise in the developing 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 recognizes International Youth Day 2013

Today is International Youth Day, a day created by the United Nations in 1999 to mark the important contribution youth make to the world. This year, International Youth Day focuses on youth migration and the rewards and risks associated with it. According to a 2012 report by the UN Capital Development Fund, 85 percent of youth currently live in developing Read more…

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