Overseas Private Investment Corporation   CONTACT US SUBSCRIBE TO NEWS OPIC BLOG
FacebookRSSTwitterYoutubeInstagram
Freedom of Information Act (FOIA)
The OPIC Blog


Meeting the global unemployment challenge

January 31, 2013

A report earlier this month from the International Finance Corporation (IFC) offered some staggering measures of worldwide unemployment. IFC said there are currently 200 million people unemployed around the world – a number roughly equivalent to the population of Brazil — and that the developing world will need to create some 600 million new jobs by the year 2020, just
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


OPIC’s profit per employee totals $1.2 million in 2012

December 14, 2012

Earlier this week, OPIC reported strong financial results for Fiscal Year 2012, including net income of $272 million, and a 30 percent increase in financial commitments to American businesses investing in emerging markets abroad. The fact that these results were achieved with a full-time staff of just 220 underscores the efficiency of OPIC’s operation. The agency’s profit-per-employee in 2012 worked
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


OPIC, Ex-Im Bank and USTDA Partner to increase clean energy investment in Africa

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)
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Supporting the development of the next generation of African leaders

November 14, 2012

Africa’s labor force will be larger than China’s by 2035, according to statistics recently released by the Mo Ibrahim Foundation. By the end of the century, 41 percent of the world’s youth live in African. The Mo Ibrahim Foundation, which invests in governance and leadership to catalyze Africa’s transformation, has also released some other, less optimistic numbers about the continent,
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


South Sudan: The world’s newest developing nation

November 07, 2012

Last month, OPIC announced it was open for business in one-year-old South Sudan, the newly formed African country that seceded from Sudan in July 2011. The young country boasts enormous natural resources including oil, rich farmland and abundant wildlife across huge uncharted savannahs. It also faces formidable development challenges. Chief among those needs is the lack of basic infrastructure. During
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Featured photo: Hotel construction in Tanzania

November 02, 2012

Workers at the construction site of a new hotel on the Tanzanian coastline outside Dar es Salaam. A team from OPIC recently visited Tanzania to explore potential projects, including one in the tourism sector, which is a steadily growing component of the Tanzanian economy. OPIC’s interest in Tanzania reflects a larger focus on Sub-Saharan Africa, which is home to many
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Featured photo: Improving financial inclusion through microfinance

October 26, 2012

OPIC President & CEO Elizabeth Littlefield, Equity Bank founder James Mwangi (far left) and other bank representatives visit a branch in Nairobi, Kenya, to learn more about improving financial inclusion through microfinance and mobile banking technologies. The OPIC-supported Helios Sub-Saharan Africa Fund invested in Equity Bank, which has operations throughout East Africa.

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Expanding access to banking and credit in Sub-Saharan Africa

October 23, 2012

Financial inclusion – the access to basic financial services like savings accounts and credit – can be essential to individuals trying to lift themselves out of poverty. Financial inclusion provides an opportunity to invest in a business, a home or an education. Rates of financial inclusion are low throughout much of the developing world, but particularly low in Sub-Saharan Africa.
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Monthly news wrap-up: August 2012

September 05, 2012

Late last month, the International Water Management Institute (IWMI) reported that farmers in South Asia and sub-Saharan Africa are increasing the use of small-scale irrigation schemes as a result of drought that puts the security of food supplies at risk. The three-year study found that, rather than wait for rainfall, smallholder farmers, whose farms supply food for individual families, are
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


International Youth Day 2012

August 09, 2012

Sunday, August 12 is International Youth Day, an annual observance supported by the United Nations (UN) calling attention to youth issues worldwide. In both developing and developed countries, young people face pressing global challenges, such as high levels of unemployment and subpar working conditions. They are seemingly left out while their leaders make decisions on their future. The UN provides
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email