Table of Content

In This Issue:

Recent Deals

Focus On: Sub-Saharan Africa

OPIC In Action

Upcoming Events

OPIC In The News

OPIC In Action

Broad Cove Ecohomes Liberia used an OPIC loan to support a middle-income housing project using sustainable materials and building practices. Read more

International Community School in Kumasi, Ghana is preparing local students for college and careers. Read more

"Africa is at long last seen by many as an investment destination with a suite of products designed to address gaps in the field, rather than an economic desert." -- Elizabeth Littlefield

Upcoming Events

Nov. 12 Bruce Cameron, OPIC Director, Project Finance, will highlight investment opportunities at the Corporate Council on Africa's U.S.- Africa Agribusiness Investment Forum in Addis Ababa, Ethiopia.

Nov. 14 OPIC will host an Expanding Horizons seminar in Kansas City, MO, for small businesses interested in expanding in developing markets.

Dec. 6 Meeting of OPIC's Board of Directors.

OPIC In The News

All Africa: The United States' Partnership with Africa

Jakarta Globe: Jakarta Globe: Citibank, OPIC Lend $19m to Microfinance Bank Andara

The Wall Street Journal: U.S. Aims to Lift Investment in Africa

Nyasa Times: Malawi Continues to Attract Foreign Direct Investors

Foreign Policy Blogs Network: Engaging in Africa

Center for Global Development: Global Prosperity Wonkcast

Recent Deals

OPIC to dedicate staff member for South Africa in 2013 OPIC has significantly expanded its work in Sub-Saharan Africa, which today accounts for 21 percent of the agency's portfolio. Read more

OPIC approves $135 million for two investment funds for India The fund's investments could generate more than 25,000 local jobs and also catalyze U.S. job creation since the vast majority of its target tenants are large multinational corporations, including U.S.-based firms. Read more

OPIC, Citi loan to Bank Andara to support microfinance lending in Indonesia Deal will help support some of the millions of small businesses in Indonesia that lack access to banking services or microfinance. Read more

OPIC approves $250 million for renewable energy and SME lending in Turkey Financing will help Turkey meet its goal of making renewable energy-generated electricity 30 percent of its total portfolio by 2023. Read more

OPIC approves $270 million for electricity project in Jordan The project will help address growing demand for energy and will also help Jordan, where projected demand is expected to be 48 percent higher in 2020 than it is today. Read more

OPIC approves $250 Million for solar power project in South Africa Project is expected to displace 140,000 tons of GHG emissions in first year alone, while supporting the country's Black Economic Empowerment Program Read more

Focus On: Sub-Saharan Africa

♦ "The most promising frontier market in the world today"

OPIC President and CEO Elizabeth Littlefield spoke to Congress over the summer about the economic potential of Africa, which is home to six of the world's ten fastest-growing economies but receives only a small share of U.S. foreign direct investment. During a panel discussion, "Embracing Africa's Market Potential," before the Africa Subcommittee of the Senate Foreign Relations Committee, Littlefield said that OPIC's commitment to Africa has grown sharply over the last decade, and OPIC commitments to projects in Africa last year comprised 22 percent of the agency's total exposure. Read more

♦ Dispatch from Kenya

An interdepartmental OPIC team traveled to Kenya in June to monitor the performance of three financial institutions whose microfinance lending is supported by the agency. OPIC has focused much of its work in the microfinance sector in Sub-Saharan Africa, where most people lack access to basic financial services such as savings accounts and credit. OPIC spokesman Timothy Harwood reports on some of the microfinance lending that OPIC is supporting, which has enabled more lending to individuals and small farmers and entrepreneurs. Read more

♦ Investing in better harvests

In Africa, disease, pests and poor crop management all contribute to food insecurity. OPIC recently provided financing to a company that has developed a "plant propagation technology," which it is using to help farmers improve crop yields in Rwanda. Read more

A bright year for renewable resources

OPIC's commitments to renewable resources projects rose 41 percent in Fiscal Year 2012, which ended September 30, to set a new record of $1.55 billion. This follows last year's record setting pace, and marks a sharp and steady increase in OPIC's support for projects in clean energy and sustainable agriculture in developing countries. Read more