America promotes Environmental investments in Africa

 America promotes Environmental investments in Africa

By Houmi Ahamed-Mikidache

Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne visited South Africa this week where he met with local banks to discuss investment opportunities to advance development in the country and highlight OPIC-supported projects. It’s the third stop on a six country 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.

Infrasalience is creating green jobs

Among the projects Washburne visited was OPIC-supported SA Taxi which provides loans to entrepreneurs operating minibuses in South Africa. The minibuses are a key part of the South African transportation sector where approximately 67 percent of all travel in South Africa is on a minibus. Each vehicle is a small business which supports the operators, their families and their communities.

Washburne met with a number of innovative American businesses and investors including Infrasalience, a company established by American entrepreneurs. The company has developed mobile green chemical plants which profitably transforms air pollution and waste water into sustainable green chemicals. By establishing a process to recycle and reuse industrial and infrastructure waste while simultaneously creating jobs, the company is helping to bring American ingenuity and business values to emerging markets.

Exploring investment opportunities in Africa

Washburne is traveling to Africa to explore investment opportunities and to highlight OPIC’s new Connect Africa initiative to invest more than $1 billion in transportation, technology and value chains on the continent. Earlier this month, Washburne earlier traveled to Zambia and Rwanda where he visited American coffee processing facilities and met with heads of state. His travel on the continent will continue to Botswana, Uganda, and Kenya where he will meet with senior government officials and visit OPIC supported projects.

Africa is a longstanding priority for OPIC and accounts for about one-quarter of the agency’s $23 billion global portfolio. As part of his National Security Strategy, President Trump highlighted the need for a modernized approach by the U.S. government to development finance to help grow aspiring partners, promote economic relationships, and increase investment in regions important to American interests.
 

Author: ERA ENVIRONNEMENT

ERA ENVIRONNEMENT is a media based in SAMBA M'BODONI, a village in the North of Comoros Islands in the Indian Ocean . It was first an association "de loi 1901" in 2016 based in France and dissoluted in 2017. On April 2018, ERA ENVIRONNEMENT was established as an company in Comoros Islands with the commercial register 8671-B-18. The activities in Comoros Islands started in January 2019. Localized in one of the six Small Islands States of Africa, ERA ENVIRONNEMENT is the unique media in Comoros with a vocational training on sustainable development and climate change with two teams of young and senior journalists. All rights reserved. ERA ENVIRONNEMENT est un média basé à Samba M’Bodoni, un village situé dans le nord de la Grande Comore, dans l’Océan Indien. Basée anciennement à Paris en 2016, en France, cette association a été dissoute en 2017 .En Avril 2018, ERA ENVIRONNEMENT est devenue une entreprise de presse comorienne avec comme registre de commerce N° 8671-B-18 . Localisée dans l’un des six Petits Etats Insulaires en développement d’Afrique, ERA ENVIRONNEMENT a commencé ses activités en Janvier 2019. Cette entreprise de presse est l’unique média intégrant une formation au développement durable et aux changements climatiques, avec une équipe de jeunes et de seniors journalistes. Tous droits réservés.

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