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African small businesses.(Overseas Private Investment Corp. contributes to investment fund)(Brief Article)
The Overseas Private Investment Corp. will provide $1 million to the Peoples Investment Fund for Africa,. a microfinancing program for African small businesses that will match OPIC's money with loans from individual Americans.
OPIC is a self-sustaining federal agency that provides political risk insurance, project finance and investment funds to American businesses that expand into emerging markets around the world. The agency tripled its business in Africa last year, with 80 percent of its loans going to …
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