The OPIC Blog

Featured Photo: Innovation supporting rural livelihoods in Tanzania

A Power Africa photo contest winner shows a man in Tanzania sewing at night with the aid of a solar light, which is helping to provide additional income generating opportunities for him and his family. The light, made available by d.Light – an African Clean Energy Finance ACEF grant recipient, is empowering rural families in Tanzania by extending their productive Read more…

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Featured Photo: Providing equipment to support agricultural co-ops in Kenya

A worker for BrazAfric, a social enterprise that provides agricultural tools and machinery to farmers, inventories supplies in the company’s warehouse in Kenya. Many farmers who produce much of the food on the continent often can’t afford basic equipment. Supported by Grassroots Business Fund, an OPIC client that received a loan in 2011, BrazAfric is helping farmers with productivity improvement Read more…

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Small loans, big impact: A look at OPIC’s PI program

To address big development challenges such as world hunger, you sometimes have to start small. In Sub-Saharan Africa, food insecurity affects millions, but the solution rests largely with the individual smallholder farmers who often can’t afford to pay for basic farming equipment. Small amounts of financing offer the potential to deliver significant benefits to them and the communities they serve.  Read more…

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Obama visit to Kenya highlights Africa’s immense potential

“Kenya may well be on its way to becoming a ‘silicon savannah,’ a hub of excellence and innovation in technology,” OPIC President and CEO Elizabeth Littlefield wrote in a piece published in All Africa, as she joined President Barack Obama on a historic trip to Africa. “The goal, of course, is to ensure that Africa can do more than catch Read more…

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Six days in Georgia: A tour of the projects OPIC supported to help rebuild this young nation

(Part One in series on OPIC’s work in Georgia) By Judith Pryor Vice President, OPIC Office of External Affairs I’ve visited several OPIC project sites from Kenya to the West Bank, but nothing quite compares with my recent visit to Georgia where, over the course of six days, I was able to visit 18 OPIC-supported projects spanning a range of Read more…

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Featured photo: Building a wind power plant in Jamaica

Workers near Malvern, Jamaica help excavate a construction site where wind turbines will be raised in the coming months. Supported by a $42.7 million loan from OPIC, BMR Jamaica Wind Ltd is building a 36.3 MW wind farm about 60 miles west of Kingston. The plant is expected to be the largest renewable energy project developed by the private sector Read more…

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Leveraging private investment for a new landscape of global development

This week leaders from around the world met in Addis Ababa for the UN’s 3rd Financing for Development conference, an international gathering to discuss how financing can advance global sustainable development. OPIC President and CEO Elizabeth Littlefield recently wrote two articles on how finance to catalyze private investment is a major factor in progressing towards these development goals. “Private capital Read more…

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“Open for Business” at the U.S.-Ukraine Business Forum

In regions around the world near or vulnerable to violent conflict, instability can often be exacerbated by a lack of private sector investment. The governments of the United States and Ukraine have been working together to mitigate this risk in the face of recent conflict in the eastern part of that country. This week they hosted the U.S.-Ukraine Business Forum Read more…

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Foreign investment into Africa surges in 2014

Although foreign direct investment took a hit worldwide in the past year, Africa continued to generate strong interest, with a 136 percent increase in capital invested over the previous year, Ernst & Young’s latest Africa Attractiveness Survey shows. This investment created 188,400 new jobs in Africa, it said. This growth in FDI dollars invested came despite an overall decline in Read more…

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Featured Photo: Expanding food production in Georgia

Workers at the Sante GMT factory inspect dairy products produced from milk sourced from thousands of local Georgian farms. Sante GMT has used $17.6 million in loans from OPIC to upgrade and expand an old dairy processing facility and to establish a series of milk collection centers, which has generated income for thousands of rural farmers who previously had no Read more…

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