OPIC Selects Akamai Global as Originator in Enterprise Development Network
November 27, 2012
WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has selected Akamai Global of Kampala Uganda, a business consulting firm working with Small and Medium Enterprises, to serve as an Originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding into emerging markets overseas.
The alliance, the Enterprise Development Network (EDN), is expanding the ability of OPIC – the U.S. government agency charged with facilitating U.S. private sector investment in emerging markets – to provide financing to SMEs doing business in developing countries.
Through the support of financial institutions, business consultants, associations, law firms and regional investment promotion agencies, EDN is designed to enhance SME access to OPIC products and services. By empowering such service providers, the network is resulting in more efficient, cost-effective delivery of services to American businesses.
Since 2007, Akamai Global has been offering business consulting and financial literacy services to clients in Uganda and the East African region. Akamai Global supports entrepreneurs seeking project finance by conducting market research, assessing investment potential, and developing project feasibility studies and business plans. Among its services: helping clients to obtain OPIC financing and political risk insurance; pre-qualifying investment projects; and preparing and submitting OPIC applications.
Akamai Global focuses on projects in the east African region – Uganda, South Sudan, Rwanda, Burundi, Kenya and Tanzania. Visit Akamai Global on the web at http://akamaiglobal.co.uk
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.
Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, generated an estimated $75 billion in U.S. exports and supported more than 276,000 American jobs.