The OPIC Blog

Archive for the Sub-Saharan Africa Tag

OPIC Impact Awards: A recap in photos

OPIC honored seven partners for excellence in development at the 2016 OPIC Impact Awards July 7. Here’s a look at how they are supporting development in a variety of sectors and regions from agriculture to technology, from Sub-Saharan Africa to India, Afghanistan and Latin America.   Innovation: Westrock Coffee Co. Westrock Coffee of Little Rock, Arkansas used OPIC political risk Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured Photo: Supporting producers of bird’s eye chili peppers

In Eastern Uganda, bird’s eye chili pepper farmers are producing more chili peppers and connecting to larger markets. OPIC partner and 2015 OPIC Impact Award winner Root Capital, not only provides small loans when commercial financing is not available, but provides training and support to help farmers produce more food and connect to larger markets. With Root’s support, many of Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

How OPIC helped one Houston nonprofit expand access to clean water in Africa

OPIC travels to Houston this week, where it will host its latest Expanding Horizons workshop for small businesses interested in expanding into developing countries. Houston is also the site of one of OPIC’s early impact investing projects, Living Water International, which used OPIC financing 15 years ago to help some remote communities in Ghana and Kenya drill wells to secure a Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured Photo: Bringing much needed power to Senegal

Workers lay the groundwork for a 53 MW power facility in Senegal, which is being built with the support of up to $100 million in OPIC financing.  The project is OPIC’s first financing of grid-connected power project in Senegal, and one of several power generation projects OPIC is supporting as part of the U.S. Power Africa initiative, aimed at doubling Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

A vision of growth in West Africa

ContourGlobal’s Cap des Biches power plant in Senegal. Credit: U.S. Embassy Dakar By: Subha Nagarajan, OPIC Managing Director of West and Central Africa Over the past two years, African countries have enacted many reforms to improve the business climate. And as the site of so many of the world’s low-income countries, Africa is a region with growing focus for the Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Advancing development by investing in microfinance: OPIC’s Richard Greenberg explains

OPIC, which has actively supported microfinance investment for more than a decade, recently announced that it has surpassed the $1 billion mark in financing to support microfinance projects around the world. Here, Richard Greenberg, OPIC Managing Director, OPIC Micro and SME Finance, discusses the important role microfinance places in OPIC’s development mission, and why OPIC financing plays an important role Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Desalination, irrigation, sanitation and more: How OPIC supports access to clean water in the developing world

Clean water is essential to life and also to addressing many of the world’s biggest development challenges from poverty to malnutrition. World leaders formally recognized the importance of water to development last year when they included access to water and sanitation for all as one of 17 goals that comprised the 2030 Agenda for Sustainable Development. OPIC has long supported Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

By the numbers: OPIC’s far-reaching impact

OPIC-supported projects improve access to power, clean water, food, education, housing, financial services and more, in over 100 countries from Asia to the Middle East, Latin America and Sub-Saharan Africa. This snapshot shows the impact we have in some key sectors. From supporting the construction of homes for more than 60,000 low-income homeowners to helping build hospitals and health clinics Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

A “blueprint” for supporting small farmers: The Boston Globe features OPIC partner Root Capital

“In most countries, economic prosperity comes from small businesses, yet in the developing world, many businesses fail to thrive, or fail period, because they are systematically locked out of the banking sector,” Willy Foote founder and CEO of OPIC partner Root Capital, explains in this Boston Globe profile. “We’re trying to create a blueprint for how you lend in these Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

OPIC achieves major milestone, surpassing its initial Power Africa commitment

Two years ago President Obama launched one of the most ambitious development initiatives of his Presidency and enlisted the support of OPIC in Power Africa, designed to bring more electricity to the hundreds of millions of people in Sub-Saharan Africa who have none. OPIC committed $1.5 billion to the initiative and this week we reported that we’ve surpassed that initial Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email