OPIC opening Abidjan office

The US’ Overseas Private Investment Corporation (Opic) is opening an office in Côte d’Ivoire as it expands its operations in sub-Saharan Africa in line with the Power Africa initiative. To date, Opic’s sole sub-Saharan presence has been director Peter Ballinger, based in South Africa. As with other Opic representations worldwide, the Abidjan office will be based in the US embassy. A project finance expert has been recruited from the African Development Bank. Opic’s next planned office will be in Nairobi, for which recruitment is soon to begin.