Continental Focus, International Reach

OPIC Opens First East Africa Office

Sunday, September 25, 2016

OPIC, the US government’s development finance institution, opened its first office in East Africa as part of its support for growth in Africa. The office was opened in Nairobi, Kenya and will be led by Suresh Samuel as MD.

“I am thrilled to announce that we are opening a third office in Africa to increase OPIC’s regional presence,” said Elizabeth L. Littlefield, OPIC President and CEO.  “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.”

OPIC currently has about $700 million of active financing and political risk insurance commitments in Kenya. Recent projects include wind power in Kenya, agriculture across sub-Saharan Africa, and power generation in Nigeria.

The opening of this office in Nairobi signals both OPIC’s commitment to continue catalyzing investment in this critical region and a recognition of the increasing private sector interest in East Africa as an exciting destination for investment opportunities in emerging markets.


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