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Home Finance

Africa Finance Corporation’s assets rise 17% in 2023

admin by admin
April 16, 2024
in Finance
Africa Finance Corporation’s assets rise 17% in 2023
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The total assets of Africa Finance Corporation (AFC), a multilateral finance institution, rose by 17.3 percent to $12.34 billion last year.

AFC’s net profit also increased by 15.3 percent to $329.7 million from $285.9 million. Its return on equity for 2023 stood at 11 percent, according…



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