OPIC Investment Funds

The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers. OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.

Past deals in Uganda

Tugende

Debt Financing in 2018
Tugende is a financial service provider based in Kampala, Uganda, focused on assisting informal sector entrepreneurs and small to medium enterprises. Founded in 2012, the company primarily helps motorcycle taxi drivers transition from renting to owning their motorcycles within eighteen months. This ownership model enhances drivers' income, job security, and road safety. In addition to motorcycles, Tugende offers financing for various business assets, including taxis, matatus, and boat engines, as well as supplemental assets like smartphones, salon equipment, and sewing machines for existing clients. The company also provides a range of services that include insurance, safe riding training, safety gear, and genuine spare parts, thereby supporting the overall well-being and productivity of its clients.