Weekly Africa Newsbriefs 13 May


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 13 May

Weekly newsbriefs

Weekly Africa Newsbriefs 13 May

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Leriba Africa Newsbrief


Week commencing 13 May












Pan Africa

Occidental Petroleum sells $8.8bn African assets

Global petrochemical manufacturing group Occidental Petroleum will sell Anadarko Petroleum assets in four African nations to Total SA for $8.8bn. The assets that will be sold are in Algeria, Ghana, Mozambique and South Africa. Occidental is locked in a bidding war with Chevron to win control of Anadarko.

Bloomberg 5 May



Bombardier sells wing component plant  

Canada’s plane-and-train manufacturer Bombardier will sell its wing component plant in Morocco to a manufacturer that will continue to supply Bombardier after the sale. The successful bidder will be revealed in three weeks. Morocco is home to 140 aerospace component manufacturers.

Reuters 6 May


Mediterrania sells stake in Cash Plus

Moroccan-based private equity firm Mediterrania Capital Partners has sold its stake in independent money transfer company Cash Plus to Groupe Richbond, a Moroccan industrial and property conglomerate, for an undisclosed amount. Mediterrania focuses on growth investments for small and medium-sized enterprises in north African and sub-Saharan countries.

Liquid Africa 6 May



Aker ASA awaits $4.4bn Pecan oilfield approval

Norwegian offshore fishing, construction and engineering company Aker ASA expects Ghanaian authorities to approve a revised $4.4bn development plan for the offshore Pecan oilfield. The Pecan field will be run by Aker’s subsidiary, Aker Energy.

Reuters 10 May



DOB invests in Jibu

Dutch impact investor DOB Equity has invested in clean drinking water distributor Jibu Tanzania for an undisclosed amount. The investment will support Jibu’s rapid growth of a franchise store concept in major cities in the country, starting from Arusha in Tanzania.

Liquid Africa 9 May