Investor Presentaiton
Business highlights
Key Highlights
of 2022
KI
In the penultimate year of its 5-year strategy (running 2018 - 2023), the corporation met and, in some cases, surpassed
its 5-year strategic goals set out in the strategy. Some of these include:
o Doubling the Corporation's total assets from US$4.5bn to US$10.5bn
o Improving ROE from 8% to >12%.
• We also achieved a major milestone in mobilizing African capital towards infrastructure development on the continent
with a robust equity capital injection of US$240 million including:
o The Public Investment Corporation (US$100 million)
。 The Arab Republic of Egypt(US$95 million)
• Investor confidence in AFC's strong credit risk profile and established market presence in 2022, resulted in total net
borrowing of US$1.4 billion and the further diversification on the US$7.6 Billion borrowing book, including:
。 Debut €100 million loan from Cassa Depositi e Prestiti SpA
o US$419 million equivalent three-year Samurai dual currency loan facility (US$412 million and JPY1 billion)
o US$160 million three-year Kimchi Term Loan
。 US$100 million five-year bilateral loan from Korea Development Bank
Robust risk
management
practices
.
•
Rigorous credit and risk management practices continue to anchor our proactive risk-centric approach towards asset
growth amidst a turbulent macro backdrop, thus ensuring we maintained our A3 credit rating despite the heightened
uncertainty and volatility in the operating environment both home and abroad.
We continued to deploy a mix of effective risk mitigation tools to preserve asset quality; this includes non-payment
insurance on the portfolio.
Source: Company Information
Africa Finance Corporation | FY'2022 Results Presentation | April 2023
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