Weekly Africa Newsbriefs 28 January


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 28 January

Weekly newsbriefs

Weekly Africa Newsbriefs 28 January

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Leriba Africa Newsbrief


Week commencing 28 January













West Africa

EDF buys 49% stake in energy company

French state-controlled power utility EDF has bought a 49% stake for an undisclosed amount in Conergies Group, a west African energy company. The company has more than 130 projects in Ivory Coast, Mali, Senegal, Burkina Faso, Benin, Guinea and Guinea-Bissau.

Reuters 23 January



Goodwell invests $2m in Copia

Dutch impact investor Goodwell Investments has invested $2m in Nairobi-based Copia, a consumer goods catalogue and delivery service. Copia uses technology developed in Silicon Valley and a network of more than 3,000 local agents to deliver goods and services to about 40,000 consumers in rural Kenya.

Liquid Africa 22 January


Xiaomi expands in Africa

Chinese smartphone maker Xiaomi is set to open its first Nairobi office this year as part of a plan to counter the dominance of Chinese rivals including Transsion Holdings. Xiaomi entered the African market space through Nigeria, South Africa and Kenya. 

Daily Nation 24 January



Mercedes-Benz factory returns

German automobile manufacturer Mercedes-Benz will re-establish a factory in Egypt with a local partner. Mercedes-Benz had closed its assembly plant for passenger cars in 2005 because it had become economically inefficient. The decision comes amid numerous Egyptian policies being promoted to attract foreign investment.

Daily News Egypt 25 January



Afig acquires controlling stake in NEM Insurance

Mauritian fund management company Advanced Finance & Investment Group (Afig) has acquired a 29.9% stake in Nigerian company NEM Insurance. The investment makes Afig the largest shareholder in NEM, which has been operating for more than 60 years.

Africa Global Funds 21 January