October 05, 2012
Lynn Tabernacki, OPIC’s Managing Director of Renewable and Clean Energy, right, leads a discussion with National Renewable Energy Laboratory staffers Laura Harrington, Adam Warren and Jeff Bedard (from left), and OPIC’s Sarah Carta. National Renewable Energy Laboratory supports OPIC’s renewable energy & energy efficiency effort The National Renewable Energy Laboratory (NREL) – the only national laboratory which takes renewable energy Read more…
September 26, 2012
At its September meeting, OPIC’s Board of Directors kept the agency’s focus trained on priority sectors – renewable resources; food security and safe drinking water; and small and medium size businesses (SMEs) – and added another: the growing middle class in emerging markets, which stand to transform developing countries in the coming years. Be it Africa, where 100 million households Read more…
August 03, 2012
Members of the Kifaru Youth Group, a microfinance loan group based in the Nairobi suburb of Kawangware, meets in June to update their finances. The group is supported with microloans from Equity Bank’s Kawangware branch, which opened in 2007 and has since seen its customer base grow from 5000 members to 80,000. “Kawangware is a slum that is becoming a Read more…
July 27, 2012
The head agronomist at the Forestry Agricultural Investment Management (FAIM) farm in Rwamagana, Rwanda. FAIM is applying its plant propagation technology to improve crop yields, and obtained a loan from OPIC in 2012 to support its work in Rwanda, the most densely populated country in Africa, where many families suffer from food insecurity and malnutrition. While a majority of Rwandans are Read more…
July 13, 2012
Jane Akoth, owner of Blessings Hair Salon in the Nairobi suburb of Kawangware, used a microloan from Musoni – a Kenyan microfinance institution that enables clients to manage their loans via mobile phones – to buy new dryers and other machines that have helped her business grow after theft almost ruined her a few years ago. Musoni’s technology enables Jane Read more…
July 06, 2012
A Bel Papyrus Ltd. paper manufacturing plant in Lagos, Nigeria, one of the few plants in the country where paper is recycled. OPIC is providing financing in a deal to expand a new production line that will double the plant’s capacity and significantly expand its ability to produce paper from recycled materials. Used paper is sorted, shredded and baled before Read more…
July 05, 2012 June was an eventful month for OPIC, which hosted its latest board meeting and approved several funding deals addressing a range of development challenges in a variety of regions. The board’s approvals included two solar projects in Peru, an Internet expansion project in East Africa, and several new investment funds that will bring the latest renewable energy technologies to emerging Read more…
June 27, 2012 OPIC’s President Elizabeth Littlefield joined Secretary of State Hillary Clinton at the Rio+20 United Nations Conference on Sustainable Development last week to announce a new partnership to drive private sector investment in bringing clean energy to Africa. Energy access in African households is a major barrier to development. Although Africa has abundant clean energy resources, there is often a lack Read more…
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