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The World Needs More Power

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Posted by admin 3 days ago (http://www.opic.gov)
Today is World Humanitarian Day, a United Nations (U.N.) commemoration to “celebrate the spirit that inspires humanitarian work around the world.” This year, the UN’s theme is “The World Needs More…” As anyone who works in global development knows, there are many ways to answer that sentence. This year, OPIC highlights the world’s need for more power. Not only doesRead more...

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Featured photo: Underscoring the opportunity of private investment in Africa

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Posted by admin 7 days ago (http://www.opic.gov)
Elizabeth Littlefield (center), President and CEO of OPIC, signs a memorandum of understanding with Thomas McCaffery (left), Wells Fargo’s Executive Vice President, and Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank, at OPIC’s Washington headquarters on August 4. The memorandum, signed on the margins of the historic U.S.-Africa Leaders Summit, aligned OPIC, Wells Farg

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Highlights from the U.S.-Africa Leaders Summit

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Posted by admin 9 days ago (http://www.opic.gov)
“What some say is a problem is actually a massive investment opportunity,” Nigeria’s Minister of Power Chinedu Nebo stressed at the U.S.-Africa Leaders Summit last week, discussing the widespread lack of energy access across the continent. His words echoed those of OPIC President and CEO Elizabeth Littlefield who previewed the historic summit in the Baltimore Sun, writing that while “casualRead m

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Highlights from the Field: ACEF supports African renewable energy projects for enduring development

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Posted by admin 10 days ago (http://www.opic.gov)
By Sarah Carta, OPIC U.S.-Africa Clean Energy Finance Program Manager OPIC’s U.S.-Africa Clean Energy Finance (ACEF) team recently traveled to Africa to seek out thriving clean energy technology resulting from ACEF support – from off-grid solar power in Tanzania to smart meters in Ethiopia to grid-connected solar in Rwanda. Energy is a crucial piece of the development puzzle, and accessRead

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Baltimore Sun features Elizabeth Littlefield on African investment opportunity

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Posted by admin 13 days ago (http://www.opic.gov)
“Casual political observers often focus on Africa’s natural resources, mineral wealth and conflicts as a strategic concern, but Africa is a massive and rapidly growing consumer market that is more fully appreciated by strategic investors with each passing day,” OPIC President and CEO Elizabeth Littlefield writes in the Baltimore Sun, August 1, ahead of next week’s U.S.-Africa Leaders Summit

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“The continent of greatest opportunity this century”

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Posted by admin 13 days ago (http://www.opic.gov)
OPIC President Elizabeth Littlefield spoke Aug. 3 at a reception co-hosted by OPIC and the Millennium Challenge Corporation to kick off the Africa Leaders Summit. Littlefield described the significant growth Africa has seen over the past decade and outlined the work necessary to build on that momentum and ensure that all Africans benefited. Other speakers, from left, were Senator ChrisRead more..

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Committing to continued investment in Africa

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Posted by admin 13 days ago (http://www.opic.gov)
OPIC President Elizabeth Littlefield signs a memorandum of understanding on August 4 with Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank; and Thomas McCaffery (left), Wells Fargo executive vice president, expressing their interest in deepening cooperation to expand lending to small and medium enterprises in Morocco and other African countries. The MOU was one of multi

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“Energy prosperity can replace energy poverty:” NPR highlights Power Africa and OPIC’s latest commitment

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Posted by admin 13 days ago (http://www.opic.gov)
National Public Radio featured the African Leaders Summit and President Obama’s Power Africa initiative this week in a story that highlighted OPIC’s latest Power Africa project, its $50 million commitment to the 450-megawatt Azura-Edo natural gas power plant in Nigeria. Power Africa aims to double the number of people in Africa who have access to power and this week’s summitRead more...

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