OPIC and Amethis Finance support Africa’s priority sectors for economic growth
On September 5, in Paris, France, Overseas Private Investment Corporation President and CEO Elizabeth L. Littlefield and Executive President and Co-Founder of Amethis Finance Luc Rigouzzo signed a $150 million credit line dedicated to investments in priority sectors that are critical to Africa’s economic growth. Littlefield indicated that all of these sectors, including agribusiness, infrastructure, energy and financial services, offer great investment prospects, but are in need of access to long-term financing.
The OPIC financing will allow Amethis Finance to provide, on top of its traditional equity product, long-term debt financing for fast-growing businesses contemplating regional or continental expansion in Africa.
By creating a new financial tool for companies poised to become regional leaders in those sectors, the OPIC credit line will fill a financing gap in Africa that has created investment bottlenecks in sectors and will enable African companies with the greatest potential to grow these quickly in an increasingly urbanizing continent.