OPIC Loan to Support Manufacture of Affordable, Durable Cars in Africa
April 17, 2018
April 17, 2018
WASHINGTON, April 17 -- The Overseas Private Investment Corp. issued the following news release:
The Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution, has disbursed a $5 million loan to Mobius Motors Kenya Limited, which manufactures vehicles in Africa designed for Africa's roads and drivers.
Mobius, the only company manufacturing cars in Kenya, will use the OPIC loan to expand production. The company, which . . .
The Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution, has disbursed a $5 million loan to Mobius Motors Kenya Limited, which manufactures vehicles in Africa designed for Africa's roads and drivers.
Mobius, the only company manufacturing cars in Kenya, will use the OPIC loan to expand production. The company, which . . .