The Overseas Private Investment Corp. (OPIC) and the U.S. Development Finance Institution recently announced it will open OPIC’s first West Africa and Central regional office in Abidjan, Ivory Coast.
OPIC President and CEO Elizabeth Littlefield traveled to Abidjan and Dakar, Senegal with other international CEOs on a mission to explore business development opportunities in the region. The African economy is growing, as is the continent’s need for power, infrastructure, water and agriculture. OPIC believes that, for these reasons, its ability to spur private investment comes at a good time.
“This is an exciting step for the growth of OPIC’s regional presence,” Littlefield said. “As a recognition of mounting investment momentum and rich development impact opportunity across the region, this OPIC office builds a bridge for a strong U.S. business presence in a dynamic investing environment. OPIC’s Côte d’Ivoire regional office is the start of an important chapter for this Agency and for lasting development throughout West Africa.”
OPIC has a strong history of supporting development throughout Africa. Recently, it has worked in Senegal on agriculture modernization, Ghana on water infrastructure, and Rwanda on coffee production.