Visit will promote private sector investment and strengthen regional relationships
WASHINGTON – Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), will travel to South Africa and Ethiopia from November 11 – 14 to promote U.S. investment in sub-Saharan Africa and strengthen relationships with key regional partners in support of mutual development goals.
The visit marks Boehler’s first official travel to Africa as CEO of DFC, a new U.S. Government agency that combines and modernizes the Overseas Private Investment Corporation (OPIC) and USAID’s Development Credit Authority (DCA). Equipped with a more than doubled investment cap of $60 billion and new financial tools, DFC has more resources to mobilize private sector capital to address development challenges and advance U.S. foreign policy in priority regions such as Sub-Saharan Africa.
While in South Africa, Boehler will attend the African Development Bank’s Africa Investment Forum in Johannesburg to highlight DFC’s enhanced flexibility to support private sector investment in the region. At the forum, he will meet with regional government officials and business leaders to explore opportunities to advance priorities such as infrastructure development and women’s economic empowerment. Boehler will continue to Ethiopia for official government meetings.
During the trip, Boehler and accompanying officials will seek to advance key agency initiatives in the region, including Connect Africa, a commitment to investing $1 billion in transportation, logistics, and telecommunications; and 2X Africa, an effort to mobilize capital to projects that empower women.
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.