Weekly Africa Newsbriefs 4 March


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 4 March

Weekly newsbriefs

Weekly Africa Newsbriefs 4 March

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Leriba Africa Newsbrief


Week commencing 4 March 














Kengen secures joint contract with Shandong Kerui

Electricity generator company KenGen has secured a $76m contract to drill geothermal wells in Ethiopia in a joint bid with Chinese company Shandong Kerui Group. The project involves drilling as well as rig operation and maintenance of geothermal wells at Aluto Langano Geothermal Power Station.

Daily Nation 26 February



Acwa Power finalises $200m projects

Saudi Arabian energy company Acwa Power is expected to finalise its three 160MW projects in the Benban Solar Park in Aswan, which are worth $200m, by the end of June. The investment climate in Egypt is improving following regulations introduced recently.

Daily News Egypt 24 February


NBK Capital Partners school

Dubai-based investment company NBK Capital Partners has acquired the King Integrated American School through portfolio company Kaumeya Language Schools. Following the acquisition, the school will be rebranded KLS King Mariut.

Africa Global Funds 27 February


Pan Africa

Massmart expands to Kenya and Zambia

South African-based retail company Massmart plans to expand into Kenya and Zambia. Massmart plans to open four stores including a Builders Warehouse in Kenya and five in Zambia. Builders Warehouse is Massmart’s building materials and appliances chain.

Standard Media 1 March


Development Partners invests in facilities group

London-based pan African private equity firm Development Partners International has invested an undisclosed amount in International Facilities Services, a facilities management specialist in Africa. IFS provides a full suite of specialist facility management services to clients at remote sites across the African continent including catering, maintenance, laundry and housekeeping.

Africa Global Funds 25 February



Maroc pushes ahead with expansion drive

Moroccan telecommunications company Maroc Telecom is planning to enter Chad’s telecommunications market. Maroc will face two foreign competitors — Luxembourg’s Tigo and India’s Bharti Airtel. Chad would be Maroc Telecom’s 10th African market.

Morocco World News 23 February