OPIC launched its Connect Africa initiative which will invest more than $1 billion to projects that support transportation, communications, and value chains in Africa over the next three years.
During OPIC President and CEO Ray W. Washburne's travel through Africa, he visited OPIC-supported Westrock Coffee's Rwanda Trading Company facility. Westrock is helping to modernize Rwanda's coffee industry by investing in infrastructure upgrades and supporting small farmers.
OPIC officials visited Southeast Asia on a trip to promote U.S. investment in the region, strengthen partnerships, and find opportunities to work with regional allies on projects that drive economic growth and stability throughout the region.
OPIC, JBIC, and the Australian government announced a trilateral partnership to invest in infrastructure projects in the Indo-Pacific region that build infrastructure, address key development challenges, increase connectivity, and promote economic growth.
OPIC CEO Ray W. Washburne visited this OPIC-supported project that is bringing value-added functions of the diamond supply chain into Botswana, promoting local job creation, diversified economic growth, and global trade opportunities.
OPIC has provided a loan to Tugende Limited which supports small business lending and expanded transportation in Uganda by providing lease-to-own financing to motorcycle taxi drivers.
President of Indonesia Joko Widodo inaugurated the country's first wind power project, which is supported by OPIC financing. The project will provide 75MW of installed generating capacity and support the country's clean energy goals.
OPIC VP Ryan Brennan was in Colombia to participate in a discussion on Colombia's economy and trade at the Concordia Americas Summit, reaffirming OPIC's commitment to the region.