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Featured Photo: Developing the diamond supply chain and promoting diversified economic growth in Botswana

photo of woman sitting at desk analyzing diamonds, OPIC, Overseas Private Investment Corporation, Botswana, diamond, Ray W Washburne, Connect Africa, value chain, infrastructure, transportation, developing countries, investing in Africa, American business, public diplomacy, impact investing, world development, development finance

 

A woman analyzes diamonds at a diamond cutting and polishing facility in Botswana, one of several OPIC-supported projects OPIC President and CEO Ray W. Washburne visited during a recent trip to Africa to explore investment opportunities and highlight the agency’s new Connect Africa investment initiative.

Historically, diamonds mined in Botswana were sorted, marketed, and manufactured in other countries. With the help of OPIC financing, this project has brought more of these value-adding functions of the diamond supply chain into Botswana, promoting local job creation, diversified economic growth, and global trade opportunities.

Through its new Connect Africa investment initiative, OPIC will invest $1 billion over three years to projects that support telecommunications and internet access, value chains that connect producers of raw materials to end users, and critical infrastructure, such as roads, railways, ports, and airports.

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Connect Africa

Financial partnership to provide access to credit for Botswana’s cutting and polishing industry

 

 

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