2019 was another difficult year for Fairfax Africa (TSX:FAH.U, Financial), with book value down $84.3 million from the previous year and a net loss of $61.2 million. The main drivers of the poor results were unrealized losses on investments in Atlas Mara and Consolidated Infrastructure Group. We remain positive about the prospects in Africa and our team is working hard with the portfolio companies and partners to maximize long-term value for shareholders. Please read the Fairfax Africa annual report where Mike Wilkerson gives you more details on Fairfax Africa’s investments.
From Prem Watsa (Trades, Portfolio)'s Fairfax 2019 annual shareholder letter.
