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Thursday, 29 September 2016

East Africa: OPIC to Open First East Africa Office in Nairobi

The Overseas Private Investment Corporation (OPIC), the United States government's development finance institution, has announced plans to open its first- East Africa office in Nairobi. The corporation has appointed Suresh Samuel as Managing Director of the Kenya office. This is the third office OPIC has opened in Africa aimed at increasing OPIC's regional presence. The announcement was made during the ongoing U.S.-Africa Business Forum (USABF). OPIC says East Africa is a fast growing region and need for investment in power, infrastructure, water, agriculture, and other development sectors is growing. "This office will cultivate a strong U.S. business presence in a fast-growing investment environment. OPIC's Kenya regional office is the start of an important chapter for this Agency and for lasting development throughout East Africa," said Elizabeth L. Littlefield, OPIC President.

Source: allafrica.com