Sub-Saharan Africa has long been a priority for OPIC, accounting for over one-quarter of the agency’s current portfolio. With the launch of OPIC’s Connect Africa investment initiative, the agency is committing to forging deeper ties between Africa and the world, through investing in physical infrastructure, technology and value chains.
Physical connectivity and virtual networks are powerful drivers of economic development, allowing producers to reach wider markets and facilitating business transactions among more than just neighbors. Through Connect Africa, OPIC will invest $1 billion over three years to projects supporting telecommunications and internet access, value chains that connect producers of raw materials to end users, and essential infrastructure, such as roads, railways, ports, and airports. These commitments to connectivity will support economic growth and shore up regional security.
By the numbers
- Current Portfolio: $6.1 billion in 128 projects
- In 2017, Sub-Saharan Africa accounted for 27 percent of OPIC’s portfolio
OPIC at work
OPIC committed $100 million to support upgrades and expansions of mobile networks in The Gambia, Sierra Leone, The Democratic Republic of the Congo, and Uganda. The project will make affordable mobile and internet services more widely available. Learn more
A $125 million OPIC loan guaranty is helping Botswana develop its diamond industry in a sustainable manner that will promote local job creation and diversified economic growth. The project will change traditional practices by brining value-adding functions like diamond cutting and polishing into Botswana. Learn More
Helping Rwanda's tea industry rebuild
OPIC political risk insurance helped the Sorwathe Tea processing facility and processing facility rebuild after it was destroyed in civil war. In addition to operating an expansive tea plantation and processing facility, Sorwathe purchases tea leaves from thousands of small landholder farmers. Learn more
An OPIC loan is helping Alistair Group expand its fleet of trucks serving Tanzania, as well as Zambia, the Democratic Republic of the Congo, Mozambique and South Africa. Alistair’s growing fleet serves mining oil and gas companies as well as relief organizations and has invested in technology to track shipments and reduce the risk of theft or loss. Learn more