Africa Finance Corporation’s assets rise 17% in 2023

Emeka Emuwa, chairman of Africa Finance Corporation (AFC)

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 to the

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