July 26, 2013
Sub-Saharan Africa has seen significant economic progress in recent years with growth rates in many countries that are among the highest in the world, and large numbers of once poor people joining the middle class. But this recent progress sits against a backdrop of major ongoing developmental challenges, many of them related to access to electricity. Because it is essential
July 02, 2013
OPIC, which has a long history of supporting projects in Sub-Saharan Africa, will now play a key role in a new U.S. initiative to double access to electricity in Sub-Saharan Africa. The region has in recent years seen strong economic growth and an expanding consumer class, but limited power remains a major problem, with more than two-thirds of the population
May 03, 2013
Workers at Plumblink, a South African supplier of plumbing and sanitation equipment that is one of the investments of the OPIC-supported Ethos Fund, that invests in African businesses. OPIC is one of the largest sponsors of private equity funds in emerging markets, supporting investments that contribute to development and often create local jobs.
November 30, 2012
OPIC is partnering with two other U.S. government agencies to help promote U.S. private sector investment in clean energy projects in Africa through the Africa Clean Energy Development and Finance Center (CEDFC). Acting U.S. Commerce Secretary Rebecca Blank this week launched the CEDFC, an interagency partnership of OPIC, the U.S. Export-Import Bank and the U.S. Trade and Development Agency (USTDA)
December 09, 2011
In this interview from the December, 2011 U.N. Climate Change talks in Durban, South Africa, OPIC President and CEO Elizabeth Littlefield outlines OPIC’s progress since it identified renewable resources as the agency’s number one sector priority a year ago. She also explains how partnerships between the public and private sectors can be effective in solving the world’s biggest environmental challenges.
December 02, 2011
OPIC committed $1.1 billion in financing to the renewable resources sector in fiscal 2011, about triple the amount it committed the year before. On Friday, Dec. 2, OPIC President and CEO Elizabeth Littlefield presented these results at the UN Climate Change conference in Durban, South Africa, where she noted that OPIC’s commitments represented more than one third of all U.S. Government Fast
November 30, 2011
OPIC’s work catalyzing private-sector investment to solve critical world challenges is increasingly focused on the renewable resources sector, with projects that support clean and sustainable development. On Dec. 2, OPIC will highlight its work in renewable resources at the COP 17, the United Nations Climate Change Conference in Durban, South Africa. OPIC President and CEO Elizabeth Littlefield and John Morton,
August 26, 2011
OPIC’s 2002 loan guaranty to a South African lender has led to the construction of thousands of homes for low-incomeresidents in South Africa, while supporting may small construction businesses and creating jobs. The project is outlined in more detail on OPIC’s website. Below are some photos.
August 23, 2011
Site South Africa Sector Housing Challenge Large numbers of homeless in South Africa needed housing but even with government subsidies in place, local builders were often unable to obtain bank loans for construction projects. Solution OPIC, together with the Soros Foundation, provided a loan guaranty to a major South African bank to support lending to home builders through the country’s
July 12, 2011
Last month, OPIC approved nearly $500 million for five renewable resource private equity funds, easily surpassing a pledge OPIC President and CEO Elizabeth Littlefield made at the 2010 U.N. Climate Change Conference, to provide at least $300 million for private equity investment in renewables. The five funds, which were selected from 56 funds that responded to OPIC’s call for proposals,