Arise celebrates another successful year of operations
Arise is excited to release its Operations 2018 Report. The year under review was characterised by Arise deepening its impact on the African financial sector, by adding value to its partner banks and the African continent. Despite the unique challenges Africa poses and tough economic conditions Arise managed to grow its investment portfolio for its shareholders through carefully considered mergers and acquisitions.
Arise grew its investment portfolio from USD 694,6 million to USD 749,5 million in 2018. In addition, the organisation’s profit for the year increased from USD 53,3mn to USD 67,4mn. As a result of Arise’s successes, shareholders received their first dividend.
The core mandate of Arise is to advance financial inclusion in Africa and we are pleased to report that in 2018 Arise’s nine partner banks contributed to the provision of more than 1,2 million Small Medium Enterprise (SME), corporate, micro and retail loans across Sub – Saharan Africa (SSA), which is set to stimulate local entrepreneurship and job creation.
Arise is committed to partnering with local Financial Service Providers (FSPs) to help them become industry leaders in their respective markets and a key investment highlight was the acquisition of a minority stake in Moza Banco, a local bank in Mozambique. Arise took a decision to consolidate BTM, one of our existing partner banks, with Moza Banco to create a larger combined entity with the potential to become one of the leading banks in the country. This new entity will be favourably positioned to serve Mozambicans and increase access to finance, thereby advancing financial inclusion.
Arise’s ability to realise its business objectives has, in turn, delivered satisfactory impact on its partner banks, enhancing their socio-economic impact in Africa by putting in place inclusive financial systems, which contribute to economic growth, strengthen rural development and alleviate poverty. A key focus for Arise in the future will be to invest in West Africa and to diversify its investment into different asset classes such as fintech and insurance. Arise aims to grow its investment portfolio to over USD 1 billion over the next few years.Click here to download our 2018 Operations Report (13mb)
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