Weekly Africa Newsbriefs 26 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 26 August

Weekly newsbriefs

Weekly Africa Newsbriefs 26 August

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Leriba Africa Newsbrief

 Week commencing 26 August












West Africa

Clothing company secures major investment

West African clothing manufacturer DTRT Apparel announced major investments from Verod Capital Management and Red Bull GmbH. DTRT employs over 2 000 people throughout West Africa and provides clothing to major US- and EU-based brands through a global network across three continents.

Liquid Africa 19 August



Mr Green pools investment

DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund, in partnership with Unilever, have co-invested in Mr Green Africa, a Nairobi-based plastics recycler. Mr Green Africa sources materials with a traceable social and environmental impact and will use the investment to expand.

Liquid Africa 20 August



MEST funds 11 start-ups

MEST, a pan African incubator, has announced investments in 11 start-ups that are set to receive $100,000 each in financing. This year’s investment recipients are from Nigeria, Kenya, Ghana and South Africa.

Liquid Africa 22 August



$3.2m deal to harmonise East African trade

The East African Business Council has signed a $3.2m financing agreement with TradeMark East Africa. The deal is designed to support the implementation of a three-year programme focused on simplifying and harmonising trade procedures in the region.

The New Times 21 August



Nesma expands fleet

Saudi Arabia’s Nesma Airlines plans to buy two Airbus 320s to increase its passenger traffic to 450 000 to and from Egypt by the end of this year. Inbound tourism to Egypt rose to 11.3-million tourists in 2018 from 8.3-million in 2017.

Daily News Egypt 23 August



InDriver expands

New York-based transportation app company InDriver has launched services in Lagos. The InDriver app allows for bargaining between drivers and users as users set the price for the trip, while drivers choose the most profitable and convenient orders.

The Guardian 22 August