Weekly Africa Newsbriefs 1 April


A rapidly growing and urbanising middle class set to experience a consumption boom; the world’s greatest resources of as-yet-untapped agricultural land, oil, gas and countless other commodities; and a growing number of entrenched, stable democracies with increasingly sophisticated democratic institutions. Africa is the last major region in the world to offer the prospect of take-off phase economic growth, delivering world-beating returns to investors.
GDP growth rate in the decade to 2013 average in Africa; 7% expected in the next decade
of the 10 fastest growing economies in the world over the next decade will be African
of the 10 most improved economies for doing business are in Africa
Urbanisation Natural Resources
The population of Africa’s cities will triple by 2050 with over one billion people living in cities by 2040. Lagos is the largest with over 12,4 million people. Urbanisation presents opportunities for tertiary sectors like retail, telecommunications, banking and logistics. Major recent discoveries in oil, iron ore, natural gas, and other key commodities are set to provide major economic stimulus. Urbanisation in Africa and the rest of the world will drive demand for natural resources which Africa is uniquely positioned to satisfy with both new and old discoveries.


of African countries score below 50 in Transparency International's corruption perception index
African countries use International Financial Reporting Standards, others inconsistent
African countries have media sectors that are considered not free
The continent remains a difficult place to do business. The regulatory and legal structures common in much of the world are only nascent in many African countries. In rapidly changing economies, reputations are only starting to develop and information on performance histories difficult to obtain. Weak media sectors often mean that critical information relevant to potential exposures is never publicly  disseminated. Data are scarce making traditional investment analysis difficult if not impossible. The incentives facing local partners are opaque and may well be antithetical to outside investors’ interests. As in any rapidly changing environment, opportunists are aiming to exploit potential investors. Just as the opportunities in Africa are clear, the stories of investments gone wrong are sobering.


Leriba is a specialist consultancy with a unique combination of financial and political research skills. We help analyse opportunities and examine current investments for unforeseen political and financial risks. We recognise the investment
opportunities in Africa but we are pragmatic about the challenges. Our insights provide actionable information which directly pay off through better investment decisions.
Our directors have decades of experience in Africa. We work with a network of associates across the continent with support staff in London and Johannesburg
First and foremost we aim to make a positive contribution to our clients and to the societies in which we operate. Clients can have full confidence in our ethics, professionalism and discretion. Our staff are governed by a strict code of conduct and many are members of professional societies
Unlike some other consultancies, our analysts live and work in Africa and have built up substantial networks and insight. We are able to work in any of Africa’s 54 countries.
We have worked in a wide range of industries, including:
Banking, oil & gas, mining, telecoms, IT, retail, logistics, agriculture, insurance, fund management, FMCG, hotels & tourism, energy and infrastructure 

Weekly Africa Newsbriefs 1 April

Weekly newsbriefs

Weekly Africa Newsbriefs 1 April

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Leriba Africa Newsbrief


Week commencing 1 April












Themis to develop gas-fired power plant  

African-focused power company Themis has partnered with finance firm Kingline Development Nigeria to develop a $600m 550MW natural gas-fired power plant in Ondo State, Nigeria. The power project is in its development stage and is scheduled to become fully operational in 2022.

Africa Global Funds 27 March


Business mogul to invest $2.5bn in power projects

Nigerian business mogul Tony Elumelu plans to invest $2.5bn in power projects across the country. The chairman of United Bank for Africa and Transnational Corporation of Nigeria will make the investments through a subsidiary, Transcorp Power.

Bloomberg 25 March


Pan Africa

PEG Africa raises $25m for solar expansion

Ghana-based solar company PEG Africa has raised $25m for off-grid solar expansion in Ivory Coast, Ghana and Senegal. $20m of the funds were raised is in collaboration with UK development finance institution CDC Group and existing lenders SunFunder and ResponsAbility. The remaining $5m was raised through equity investments from several investors.

Liquid Africa 25 March


West Africa

Verod invests in Daystar

West African private equity firm Verod Capital Management has invested an undisclosed amount in solar generation company Daystar Power Group. The investment will enable Daystar to scale up its deployment across the region.

African Private Equity and Venture Capital Association 21 March



Heritour eyes Abercrombie & Ken acquisition

Bahamas-based tour company Heritour has announced its intention to acquire Abercrombie & Kent, Tanzania. Abercrombie & Kent provides lodging and camping services and operates luxury tour packages in Tanzania.

Liquid Africa 25 March