The OPIC Blog

Archive for the Sub-Saharan Africa Tag

OPIC to play key role in President Obama’s Power Africa initiative

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 Read more…

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Africa Day: Reflecting on progress and investing for the future

May 25 is Africa Day, which recognizes the founding of the African Union in 1963. This year, the 50th anniversary of African unity provides an opportunity to highlight the great progress the continent has made, and encourages a look toward the future. By almost all accounts, the future is bright. One commonly-cited statistic is that seven of the 10 fastest Read more…

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World Health Day highlights need for better health care in developing countries

April 7th is designated as World Health Day each year by the World Health Organization (WHO) to commemorate that agency’s founding. In conjunction with this, WHO annually highlights a theme that has a significant global health impact and often focuses on issues – such as access to clean water – that are particularly relevant to the developing world. This year, Read more…

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Improving health care in Africa, one clinic at a time

In Sub-Saharan Africa, access to healthcare is limited, the quality of care is often poor, and the need is great. The continent carries a disproportionate share of the global burden of many diseases from HIV/AIDS to high blood pressure, and this disease load is exacerbated by widespread poverty, food insecurity and poor sanitation. In this challenging environment, where public funding Read more…

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Featured photo: Supporting small businesses in Africa

In Nairobi, Kenya, Equity Bank CEO Dr. James Mwangi (center) introduces OPIC President and CEO Elizabeth Littlefield to Equity Bank agent Maureen Wambugu (right). One of the bank’s community branches is surrounded by several local businesses, including a second hand shoe trader, whose owner used an Equity Bank micro loan to expand his business. OPIC is providing $8.45 million in Read more…

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Meeting the global unemployment challenge

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…

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

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

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…

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Supporting the development of the next generation of African leaders

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…

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South Sudan: The world’s newest developing nation

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…

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