Weekly Africa Newsbriefs 19 August


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 19 August

Weekly newsbriefs

Weekly Africa Newsbriefs 19 August

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Leriba Africa Newsbrief


Week commencing 19 August 













Sundry Foods to expand after Norfund investment

Integrated food services company Sundry Foods will use a new investment from the Norwegian Investment Fund for Developing Countries (Norfund) to increase its footprint in underserved regions and expand its product offering. Sundry Foods operates in the quick-service restaurant, bakery and catering sectors.

AVCA 15 August



Green bond approved

Kenya’s Capital Markets Authority has approved the first green bond to be issued by investors Acorn Group and Helios to raise $48,4m for the construction of over 3,800 university hostel units in Nairobi.

Daily Nation 15 August


Telecom sells properties

Telkom Kenya plans to sell $36,7 worth of properties spread across Kenya as the company seeks to raise capital for its upcoming merger with Airtel. The telecom company has hired Axis Real estate, a property dealing firm, to help sell the prime property assets sitting on about 17.8 acres of land.

Business Daily 15 August



Yokogawa Group to launch subsidiary  

Japanese industrial instrumentation and maintenance company Yokogawa Group intends to launch a subsidiary in Casablanca. Yokogawa Group has annual turnover of $3.8bn and has 18,300 employees through 100 subsidiaries including 17 production sites worldwide.

Morocco World News 14 August


Cote d’Ivoire

AgDevCo invests in DekelOil

Social impact investor AgDevCo has announced a $9,6m investment into DekelOil, a leading agribusiness operating in the palm oil and cashew sectors in West Africa, which places smallholder farmers at the centre of its operations.

Liquid Africa 12 August