The Overseas Private Investment Corporation (OPIC) and the African Trade Insurance Agency (ATI), a World Bank and pan-African state-supported Export Credit Agency established to promote trade and investment in Africa, have concluded a memorandum of understanding (MOU) intended to facilitate increased levels of private investment in Africa.
OPIC President and CEO Dr. Peter Watson said the agreement “will do much to uncover the great secret of doing business in Africa, which is that rates of return on investment on the continent typically reach 30 per cent, compared to 10 per cent in the European Union.”
