Weekly Africa Newsbriefs 14 May

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

    Leriba Africa Newsbrief

     

     Week commencing 14 May 2018

     


    solar-panels-1794467_1280

     

     

     

     

     

     

     

     

     

     

    Egypt

    NOMP, GCL sign solar products agreement

    The National Organisation for Military Production and Chinese green energy supplier GCL have signed an agreement, for an undisclosed amount, for the establishment of an industrial complex for the annual production of solar panels with a 5GW capacity. The deal also aims to benefit Egypt’s military production companies who will receive training from their Chinese counterparts to enable them to operate and maintain the factories, while also acquiring research and development skills.

    Egypt Today 9 May

     

    Chinese entity to set up tyre manufacturing business

    The National Organisation for Military Production (NOMP) has signed a memorandum of understanding with China’s Poly International for a joint venture to establish a tyre manufacturing company for an undisclosed amount. Through the agreement, NOMP seeks to benefit from the Chinese company’s in-house expertise and technology in manufacturing.

    Egypt Today 8 May

     

    State, India ink $2,9m grant

    Zimbabwe and India have signed a memorandum of understanding for a $2,92m grant for the supply of machinery for small and medium enterprises (SMEs) under the Indo-Zimbabwe project, which was established in 2006 to support the development of SMEs. Since the project’s establishment, the need to upgrade the technology used by SMEs under the project became apparent.

    The Herald Zimbabwe 10 May

     

    Kenya

    Toshiba, RentCo form power generation partnership

    Toshiba Energy Systems & Solutions and lease financing company RentCo East Africa have signed a general cooperation agreement to expand sales channels and orders of wellhead geothermal power generation systems in Kenya and sub-Saharan Africa. The partnership will enable RentCo to expand its new energy leasing business through the supply of Toshiba’s Geoportable product, a wellhead geothermal power generation system with 1 MW to 10 MW output capacities.

    Engineering News 7 May

     

    Rwanda

    US firm signs drone technology deal

    Rwanda has signed an agreement with engineering solutions firm Swift-X to build capacity and explore uses of drone technology. The agreement, among other aspects, stipulates areas of cooperation between the state and Swift-X for further development of drone technology to enhance its socioeconomic impact. This partnership will cover drone usage in multiple aspects of the economy including agriculture and health.

    New Times 11 May

     

    Nigeria

    ExxonMobil to invest $43m in community projects

    Multinational oil and gas corporation ExxonMobil is set to invest $43m in three community projects in Akwa Ibom State over the next 18 months. The projects will include a trauma centre at the University of Uyo Teaching Hospital, an engineering complex at the University of Uyo and a technical skills centre for the oil & gas sector.

    Vanguard 9 May

    This entry was posted in Leriba in the Media, Snapshots, Weekly newsbriefs. Bookmark the permalink.

Opportunity

   
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.
5.6%
GDP growth rate in the decade to 2013 average in Africa; 7% expected in the next decade
7
of the 10 fastest growing economies in the world over the next decade will be African
4
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.
   
   

Risk

     
90%
of African countries score below 50 in Transparency International's corruption perception index
16
African countries use International Financial Reporting Standards, others inconsistent
45
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.
   

Solved

   
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.
PEOPLE OUR VALUES COUNTRIES INDUSTRIES 
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 14 May

Leriba in the Media
>>
Snapshots
>>
Weekly newsbriefs

Weekly Africa Newsbriefs 14 May

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

Leriba Africa Newsbrief

 

 Week commencing 14 May 2018

 


solar-panels-1794467_1280

 

 

 

 

 

 

 

 

 

 

Egypt

NOMP, GCL sign solar products agreement

The National Organisation for Military Production and Chinese green energy supplier GCL have signed an agreement, for an undisclosed amount, for the establishment of an industrial complex for the annual production of solar panels with a 5GW capacity. The deal also aims to benefit Egypt’s military production companies who will receive training from their Chinese counterparts to enable them to operate and maintain the factories, while also acquiring research and development skills.

Egypt Today 9 May

 

Chinese entity to set up tyre manufacturing business

The National Organisation for Military Production (NOMP) has signed a memorandum of understanding with China’s Poly International for a joint venture to establish a tyre manufacturing company for an undisclosed amount. Through the agreement, NOMP seeks to benefit from the Chinese company’s in-house expertise and technology in manufacturing.

Egypt Today 8 May

 

State, India ink $2,9m grant

Zimbabwe and India have signed a memorandum of understanding for a $2,92m grant for the supply of machinery for small and medium enterprises (SMEs) under the Indo-Zimbabwe project, which was established in 2006 to support the development of SMEs. Since the project’s establishment, the need to upgrade the technology used by SMEs under the project became apparent.

The Herald Zimbabwe 10 May

 

Kenya

Toshiba, RentCo form power generation partnership

Toshiba Energy Systems & Solutions and lease financing company RentCo East Africa have signed a general cooperation agreement to expand sales channels and orders of wellhead geothermal power generation systems in Kenya and sub-Saharan Africa. The partnership will enable RentCo to expand its new energy leasing business through the supply of Toshiba’s Geoportable product, a wellhead geothermal power generation system with 1 MW to 10 MW output capacities.

Engineering News 7 May

 

Rwanda

US firm signs drone technology deal

Rwanda has signed an agreement with engineering solutions firm Swift-X to build capacity and explore uses of drone technology. The agreement, among other aspects, stipulates areas of cooperation between the state and Swift-X for further development of drone technology to enhance its socioeconomic impact. This partnership will cover drone usage in multiple aspects of the economy including agriculture and health.

New Times 11 May

 

Nigeria

ExxonMobil to invest $43m in community projects

Multinational oil and gas corporation ExxonMobil is set to invest $43m in three community projects in Akwa Ibom State over the next 18 months. The projects will include a trauma centre at the University of Uyo Teaching Hospital, an engineering complex at the University of Uyo and a technical skills centre for the oil & gas sector.

Vanguard 9 May