The OPIC Blog

Archive for the Sub-Saharan Africa Tag

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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U.S.-Africa Clean Energy Finance Initiative – Supporting renewable energy to power Africa

By John Morton, OPIC Chief of Staff Imagine an expanse of land stretching from the Statue of Liberty to the Golden Gate Bridge in which most residents live their daily lives without a single watt of electricity. Some 300 million Americans would travel home from work on darkened streets, read at night by the light of candles, think twice about Read more…

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Business climate improves in many African countries but access to electricity remains a challenge

Doing business in Africa is not always easy, but the business climate is improving in many African countries, the World Bank’s latest Doing Business report shows. The latest version of the Bank’s widely-watched report shows that many countries in Sub-Saharan Africa have adopted reforms related to starting a business, protecting investors, paying taxes and registering property. Five of 10 countries listed Read more…

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Powering Africa: The renewable energy opportunity

Third in a series looking at OPIC’s approach to powering Africa. For earlier posts see Powering Africa: The off-grid challenge, and Powering Africa: The on-grid challenge. The sun shines almost daily throughout most of Sub-Saharan Africa, but most of the population – more than 620 million people — lives in the dark. This extreme energy poverty in a region so rich 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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