Weekly Africa Newsbriefs 16 September

Opportunity

   
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.
5.6%
GDP growth rate in the decade to 2013 average in Africa; 7% expected in the next decade
7
of the 10 fastest growing economies in the world over the next decade will be African
4
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.
   
   

Risk

     
90%
of African countries score below 50 in Transparency International's corruption perception index
16
African countries use International Financial Reporting Standards, others inconsistent
45
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.
   

Solved

   
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.
PEOPLE OUR VALUES COUNTRIES INDUSTRIES 
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 16 September

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Weekly Africa Newsbriefs 16 September

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Leriba Africa Newsbrief

 Week commencing 16 September 

13 September

 

 

 

 

 

 

 

 

 

 

Namibia

De Raj acquires water recycling plant

De Raj Group has agreed to acquire a wastewater treatment plant in Namibia. The construction of the water recycling plant was completed four years ago and is highly profitable with an annual turnover of $4.4m.

Liquid Africa 12 September

 

Zimbabwe

SSCG acquires controlling stake in Edgars

Mauritian investor SSCG Africa Holdings has acquired 100% of Bellfield, which owns a 41% stake in Edgars. The Competition and Tariff Commission approved the acquisition without any conditions and the SSCG will now have direct control in Edgars.

Fin24 September

 

Pan-Africa

Meltwater invests in 11 start-ups

Ghanaian incubator Meltwater has invested $1.1m in 11 tech start-ups that form part of its 2019 tech school group. The start-ups will each receive $100 000 and hail from Nigeria, Kenya, Ghana and South Africa.

Liquid Africa 10 September

 

Pan Africa

Moneybaba scores undisclosed investment

Duet Private Equity and EMEA Capital have invested an undisclosed amount into UK-based fintech business Moneybaba. The investment will be used to launch Moneybaba’s service in Africa. Moneybaba is an online lender focused on providing access across emerging countries and is set to use the capital to expand its global operations.

Liquid Africa 9 September

 

Kenya

Co-op Bank launches five branches

Co-op Bank is set to open five new branches, increasing its physical outlets to 160 despite the banking industry’s growing focus on digital banking. The new branches will be in Nairobi, Kapenguria, Maralal and Chogoria as Co-op seeks to keep-up with competition in cash-rich areas while also reaching out to underserved regions

 

Daily Nation 12 September

 

StanChart supports women-led tech start-ups search

Standard Chartered Bank Kenya (StanChart) has set aside $192,872.29 to support this year’s search for women-led tech start-ups. The programme, Women in Tech Incubator, is a partnership between StanChart and Strathmore University that aims to support women entrepreneurs.  

Business Daily 12 September

 

Morocco

Himonoisa opens Moroccan subsidiary

Spanish company Himonoisa, which specialises in electrical equipment, has opened a subsidiary in Morocco. This marks the company’s third sales office in Africa after opening in Angola in 2012 and in South Africa in 2016.

Morocco World News 11 September