Weekly Africa Newsbriefs 18 June


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 18 June

Weekly newsbriefs

Weekly Africa Newsbriefs 18 June

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Leriba Africa Newsbrief


Week commencing 18 June















Coca-Cola announces $186m deal

Coca-Cola Beverages Africa has announced a $186m deal with Centum Investment to acquire Almasi Bottlers and Nairobi Bottlers. The restructuring of Coca-Cola beverages in Kenya is shaping up and it is set to become the biggest bottling business on the content.

Standard Media 14 June


Republic of Congo

Pelfaco signs energy deal

Nigerian private oil and gas company Pelfaco has signed a production-sharing deal with Congo’s state energy firm on a 32-million-barrel oil field for an undisclosed amount. Congo’s energy industry has staged an unexpected comeback over the past year, owing to major finds from Italy’s ENI and French oil group Total, lifting an economy overshadowed by massive debts and civil unrest.

Reuters 11 June


Sierra Leone

IFC backs mineral sands miner

The International Finance Corporation will invest $60m in mineral sands miner Iluka Resources, a subsidiary of Sierra Rutile. The IFC will initially invest $20m for a 3.57% stake, with a further $50m to increase its shareholding to 10%.

Liquid Africa 10 June



Land’Or eyes dairy expansion

Tunisian dairy maker Land’Or is planning to build a new plant in Morocco. The plant will specialise in manufacturing canned cheese, melting cheese and fresh cheese and is set to be operational in the first quarter of 2021.

Morocco World News 12 June



Norrsken enters market

Swedish entrepreneurship hub developer Norrsken has announced its entry into the Rwandan market with a planned hub in Kigali. Norrsken’s hub will focus on health care, education, finance, food, agriculture and the environment.

New Times 13 June