01 42 OUR MATERIAL MATTERS AND RISKS 46 A LANDMARK US$11.7 MILLION PARTNERSHIP FOR FOOD SECURITY IN AFRICA 48 PARTNER INTERVIEW: UNHCR 50 NON-SOVEREIGN BUSINESS: MALAWI 52 NON-SOVEREIGN BUSINESS: DJIBOUTI 54 NON-SOVEREIGN BUSINESS: CÔTE D’IVOIRE 62 MEMBER STATE INTERVIEW: MALI 64 CHIEF OPERATING OFFICER’S REPORT, ANGE CHITATE 67 FACILITATING DIALOGUE BETWEEN MEMBERS AND PARTNERS 70 CHIEF UNDERWRITING OFFICER’S REPORT, MALVERN CHIRUME 74 DONOR PARTNER INTERVIEW 76 SAFEGUARDING VALUE 82 OUR BOARD MEMBERS 85 OUR EXECUTIVE MANAGEMENT TEAM 87 AUDITED FINANCIAL STATEMENTS 02 ABOUT THIS REPORT 03 2023 HIGHLIGHTS 06 2023 IN REVIEW 07 LEADERS IN BUSINESS, NURTURING AFRICAN TALENT AND INNOVATION 09 WHO WE ARE 10 OUR VALUES 11 OUR CAPITAL CLASSES 12 OUR FOOTPRINT 13 OUR MEMBER STATES 14 OUR OPERATING ENVIRONMENT 15 MESSAGE FROM THE CHAIRMAN, MR. ABDOULIE JANNEH 16 CREATING VALUE 18 REPLICA PARTNER INTERVIEW: START NETWORK 20 RESILIENCE-FOCUSED RECOVERY AND RECONSTRUCTION (ESG) 26 MESSAGE FROM THE CEO, LESLEY NDLOVU 29 OUR STRATEGY 33 OUR BUSINESS MODEL: GEARED FOR VALUE CREATION 36 REPLICA PARTNER INTERVIEW: WFP TABLE OF CONTENTS 56 CASE STUDY: SENEGAL 40 HIGHLIGHT: NURTURING AFRICAN TALENT AND EDUCATION 60 HIGHLIGHT: PAYOUTS IMPACT 79 10TH ANNIVERSARY: HIGHLIGHTS FROM THE PAST 10 YEARS ARC ANNUAL REPORT 202 3 - CE L EBRAT I NG A DECADE OF I MPACT 22 HIGHLIGHT: ARC LTD.’S ADVOCACY IN AFRICA AND BEYOND
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