OPIC TO DEDICATE STAFF MEMBER FOR SOUTH AFRICA IN 2013
Will support implementation of US-Africa Clean Energy Finance Initiative
JOHANNESBURG, South Africa – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, will dedicate a senior staff member for South Africa in 2013, aiming to leverage the country’s position as a business hub and strategic U.S. partner into new investment opportunities for American and African companies.
In the past two years OPIC has made significant efforts to expand its work in Africa, resulting in an extraordinary 300 percent increase in the agency’s commitments to the region last year. Whereas Africa comprised only four percent of OPIC’s global portfolio of loans, guarantees and political risk insurance in 2001, today it stands at a full 22 percent...