Weekly Africa Newsbriefs 3 December


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 3 December

Weekly newsbriefs

Weekly Africa Newsbriefs 3 December

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Leriba Africa Newsbrief


Week commencing 3 December














Côte d’Ivoire

AfricInvest invests €12.2m in transport group

Tunisian-based investment and financial services company AfricInvest has invested €12.2m in Les Centaures Routiers (LCR), the largest independent transportation company in Côte d’Ivoire. The investment is to support LCR’s ambition to become one of the main independent local logistics platforms in Côte d’Ivoire.

Africa Global Funds 26 November



CRE Venture Capital to acquire shares

Pan-African service reinsurer Continental Reinsurance has received an offer from Nigerian CRE Venture Capital to acquire all its outstanding and issued shares. The company is making the offer in order to initiate a restructuring exercise to consolidate its operations and reposition it for the global insurance market.

Liquid Africa 27 November



DOB Equity buys stake in Ten Senses

Dutch private equity fund DOB Equity has bought a stake in Kenyan-based agro-processing company Ten Senses Africa to help it capitalise on the fast-growing demand for macadamia nuts. The investment will fund the company’s expansion of its processing capacity and finance the launch of new products.

Liquid Africa 26 November


Faraja tea secures expansion

Sudanese-based multinational company Faraja tea has launched its own line of premium tea in Kenya. Faraja tea is owned by Cofftea Trading Company and will now trade at local retailers alongside established brands such as Ketepa and Kericho Gold. Cofftea Trading Company also operates in several other countries including the United Arab Emirates and Egypt.

Business Daily 28 November



Spanish hospitality group launches five-star hotel

Global Spanish hospitality and tourism provider Barcelo has opened the Barcelo Anfa Casablanca hotel located in the Casablanca-Settat region of Morocco. The Barcelo Anfa Hotel is the largest and Barcelo’s second in Casablanca, after Barcelo Casablanca Hotel.

Morocco World News 27 November