Sub-Saharan Africa is a longstanding OPIC priority. Home to many of the world’s poorest countries as well as many of the world’s fastest-growing economies, it presents both a significant need for investment and a significant opportunity for investors.
OPIC has stepped up its commitment to Sub-Saharan Africa. The region now comprises more than one-quarter of the Agency's active portfolio.
OPIC supports projects in Sub-Saharan Africa across a range of sectors from energy and small business lending to affordable housing, agriculture and infrastructure.
By the numbers
- Current Portfolio: $6.28 billion, spanning 136 projects
- OPIC’s portfolio in Sub-Saharan Africa has more than tripled over the past decade
- OPIC’s commitments to the region have more than quadrupled over the past decade, reaching $611.7 million in 2017
OPIC has long supported projects to bring electricity to underserved populations and supports several projects to advance the Power Africa initiative, including a run-of-river hydropower plant in Uganda, two power projects in Senegal, and multiple projects that are delivering off-grid power to remote populations.
OPIC at Work in Sub-Saharan Africa
OPIC provided financing and political risk insurance to New York-based ContourGlobal for the construction of a 100 MW megawatt power plant, which tripled energy generation capacity in one of Africa’s least developed countries.
Westrock Coffee Holdings, based in Little Rock, Arkansas, used OPIC political risk insurance to protect its investment in a project to modernize Rwanda’s coffee industry and connect coffee growers with international markets.
OPIC financing is supporting construction of a 53 megawatt power plant in Cap des Biches, Senegal on the site of an old plant. The plant will provide an efficient and reliable source of electricity to the Dakar grid.
OPIC financing has helped Washington, DC-based Emerging Capital Partners invest in fast-growing African businesses such as Java House, a chain of coffee shops and restaurants that was founded by an American entrepreneur.
OPIC political risk insurance supported Miami-based Belstar Development, LLC in a project to modernize Ghana’s healthcare sector.