25th Jun 2021 19:36
Africa Opportunity Fund Limited - investment firm - Says 2020 was a difficult year for the fund as its net asset value declined 0.8% to USD22.6 million, while its share price declined by 19%. However, the company reports narrowed loss to USD401,744 from USD2.5 million the year before. Going forward, the company says 2021 is likely to be determined by commodity price trends - currently favourable - and the slow pace of Africa recovery from the Covid-19 pandemic matching the slow rollout of vaccines in Africa.
Current stock price: USD0.62
Year-to-date change: up 33%
By Evelina Grecenko; [email protected]
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