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The OPIC Blog


The little document that makes a big difference in project finance: Why a Bankable PPA helps private investment in African power

June 13, 2014

One of the ways OPIC supports President Obama’s Power Africa initiative – in addition to providing loans and insurance to help build new power plants – is by sharing its extensive experience doing business in emerging markets. The Agency has supported multiple large-scale power projects in Africa and understands the hurdles to successful development. One document OPIC helped develop to
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Momentum builds around the world for Power Africa initiative

June 03, 2014

OPIC President and CEO Elizabeth L. Littlefield will join a large group of senior U.S. and African officials this week at the U.S.-Africa Energy Ministerial (AEM) in Addis Ababa, Ethiopia to talk about the progress that has been made to date on President Obama’s Power Africa initiative and the path forward. The event is one of a series of gatherings
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Read OPIC’s 2013 annual report

May 21, 2014

OPIC’s 2013 annual report, which features several key accomplishments of the Agency in a record-setting year, is available here on the OPIC website. Some of the key features of this year’s report include: A section on the Agency’s work supporting President Obama’s Power Africa initiative A detailed look at the many ways OPIC-supported projects advance development A look at the
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To the warm heart of Africa: OPIC investment mission to Malawi and Rwanda

May 05, 2014

By Benjamin Hunt – Special Assistant to the OPIC President About 7,000 miles east of Washington, D.C., sit the Republic of Malawi and the Republic of Rwanda, two countries part of an African sub-region known as the “Heart of Africa.” Despite being officially acknowledged within the geo-political borders of East or Central Africa, Rwanda and Malawi prefer the warmer colloquial
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Featured photo: OPIC’s Alemayehou testifies at Senate Hearing on Power Africa’s progress

March 28, 2014

Judith Pryor, Vice President of OPIC’s Office of External Affairs, left, and Mimi Alemayehou, OPIC’s Executive Vice President, share a laugh before Alemayehou’s March 27 testimony on the progress of President Obama’s Power Africa initiative. Alemayehou testified before the U.S. Senate Foreign Relations Committee, and outlined how private-sector investment could help achieve the President’s goal of doubling the number of
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“My unique connection to Power Africa:” OPIC’s Alemayehou featured in USAID newsletter

March 27, 2014

In the summer of 2013, President Obama announced the Power Africa initiative, designed to help African countries responsibly develop extensive energy resources with the aid of private sector investors. OPIC committed up to $1.5 billion in financing to support this endeavor, in keeping with the agency’s longstanding history of supporting projects in Sub-Saharan Africa. OPIC Executive Vice President Mimi Alemayehou,
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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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Power Africa leadership convenes at Center for Global Development

January 16, 2014

Mimi Alemayehou, OPIC’s executive VP, participated in a panel discussion on President Obama’s Power Africa initiative held Jan. 15th at the Center for Global Development. She was joined by USAID’s chief coordinator for Power Africa Andrew Herscowitz, Kamran Khan of the Millennium Challenge Corporation and Nilmini Rubin, an advisor to the House Foreign Affairs Committee. The group engaged in lively
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Year in review: The top five OPIC blog posts of 2013

January 07, 2014

2013 was another banner year for OPIC, which made a record level of commitments in support of U.S. businesses investing in developing countries.  The OPIC blog highlighted many of our key projects and initiatives. Below are our five most popular blog posts from 2013:   1. OPIC to play key role in President Obama’s Power Africa initiative July 02, 2013
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