Weekly Africa Newsbriefs 8 July


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 8 July

Weekly newsbriefs

Weekly Africa Newsbriefs 8 July

To receive this brief in your email every Monday, please subscribe here.

Leriba Africa Newsbrief


Week commencing 8 July













Coca-Cola plans $300m expansion drive

International beverage company Coca-Cola plans to invest $300m to expand its business in Ethiopia in the next five years as the east African nation opens up its economy to more foreign investors. The company, founded in Ethiopia six decades ago, will immediately spend $70m to build a fourth plant in Sebeta, Addis Ababa.

Bloomberg 28 June



54gene secures $4.5m investment

Nigerian healthtech platform 54gene has secured $4.5m in seed investment from several international investors including Y Combinator, Fifty Years, Better Ventures, KdT Ventures, Hack VC and Techammer. The platform aims to improve drug discovery by researching genetic diversity.

Liquid Africa 3 July



World Bank announces $500m support fund

The World Bank announced additional financing of $500m to expand efforts to strengthen Egypt’s social safety nets to ensure they are reaching the most vulnerable households while also building sustainable paths out of poverty. 

Daily News Egypt 5 July


South Sudan

Liquid Telecom rolls out fibre network  

Internet service provider Liquid Telecom has rolled out South Sudan’s first fibre broadband network, expanding its operations to 13 African countries. The company plans to reach nearly 13-million Sudanese citizens in phase one, which is set to be completed by year-end.

Business Daily 3 July



Millicom concludes business sale

Maroc Telecom has completed the acquisition from Millicom of 100% of its subsidiary, Tigo Chad, for an undisclosed amount. Maroc Telecom will use its expertise to promote the long-term development of new technologies in Chad.

Liquid Africa 27 June