The OPIC Blog

Archive for the Sub-Saharan Africa Tag

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…

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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…

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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…

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Four ways OPIC projects support access to water around the world

World Water Week seeks to highlight the key role that water plays in advancing global health and prosperity, and to foster discussion around innovative and effective ways to increase access to water for drinking, agriculture and health and sanitation. This year the occasion follows closely on the heels of the U.N.’s Financing for Development conference last month and seeks to Read more…

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Featured Photo: Innovation supporting rural livelihoods in Tanzania

A Power Africa photo contest winner shows a man in Tanzania sewing at night with the aid of a solar light, which is helping to provide additional income generating opportunities for him and his family. The light, made available by d.Light – an African Clean Energy Finance ACEF grant recipient, is empowering rural families in Tanzania by extending their productive Read more…

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Obama visit to Kenya highlights Africa’s immense potential

“Kenya may well be on its way to becoming a ‘silicon savannah,’ a hub of excellence and innovation in technology,” OPIC President and CEO Elizabeth Littlefield wrote in a piece published in All Africa, as she joined President Barack Obama on a historic trip to Africa. “The goal, of course, is to ensure that Africa can do more than catch Read more…

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Foreign investment into Africa surges in 2014

Although foreign direct investment took a hit worldwide in the past year, Africa continued to generate strong interest, with a 136 percent increase in capital invested over the previous year, Ernst & Young’s latest Africa Attractiveness Survey shows. This investment created 188,400 new jobs in Africa, it said. This growth in FDI dollars invested came despite an overall decline in Read more…

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A look at poverty in Africa and worldwide

Two-thirds of the world’s least developed countries (LDCs) are in Sub-Saharan Africa and these countries carry a disproportionate share of the world burden of poverty and related challenges such as poor health care, sanitation, and insufficient education, a new report from the ONE Campaign shows. For example, while just 13 percent of the world’s women live in LDCs, these countries Read more…

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Four data points showing five years of progress at OPIC

OPIC’s 2014 annual report … in addition to highlighting full year results … offers some data on the Agency’s progress over the past five years. These include: Steady growth in OPIC’s total portfolio:   A sharp increase in renewable energy commitments:   A strong focus on investing in Sub-Saharan Africa, which accounted for more than a quarter of new commitments Read more…

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OPIC’s CEO gives keynote address at Powering Africa Summit

OPIC President and CEO Elizabeth L. Littlefield addressed Powering Africa, the first Power Africa Summit held in the United States, on Jan. 30, where she told a group of private sector and government officials from the United States and Africa that reforms in energy subsidies could help spur investments in Africa’s power sector. Power Africa is a U.S. Government initiative Read more…

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