Mosbacher to Address Conference on African Infrastructure Opportunities

8 August 2006
Content from a Premium Partner
Corporate Council on Africa (Washington, DC)
press release

Washington, DC — Robert Mosbacher, Jr., President and CEO of the Overseas Private Investment Corporation (OPIC), will address the Corporate Council on Africa's first U.S.-Africa Infrastructure Conference, intended to showcase for prospective American and African business partners the numerous opportunities which exist in infrastructure development across Africa.

The conference will focus on key African growth sectors, including water, energy, transportation and information and communication technology, and bring together ministers of planning and finance from several African countries, as well as infrastructure experts and business leaders from both the United States and Africa. Over its 35-year history, OPIC has provided nearly $2 billion in financing and political risk insurance to infrastructure projects throughout Africa.

WHAT:    U.S.-Africa Infrastructure Conference, Sponsored by the Corporate Council on Africa

WHEN:    September 29, 2006, 9:00 - 10:00 AM

WHERE:   Bethesda Marriott Hotel, 5151 Pooks Hill Road, Bethesda, Maryland

WHO:      Robert Mosbacher, Jr., President and CEO, Overseas Private Investment Corporation (OPIC)

OPIC was established as an agency of the U.S. government in 1971. It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.

OPIC's political risk insurance and financing help U.S. businesses of all sizes invest in more than 150 emerging markets and developing nations worldwide. Over the agency's 35-year history, OPIC has supported $164 billion worth of investments that have helped developing countries to generate more than 732,000 host-country jobs and $13 billion in host-government revenues. OPIC projects have also generated $69 billion in U.S. exports and supported more than 264,000 American jobs.

Visit OPIC on the web at www.opic.gov.

CCA, established in 1993, is a nonpartisan 501(3) (c) membership organization of nearly 200 U.S. companies dedicated to strengthening the commercial relationship between the U.S. and Africa. CCA members represent nearly 85 percent of total U.S. private sector investments in Africa.

Visit CCA on the web at www.africacncl.org

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