weekly Africa Newsbriefs 25 September

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

    Leriba Africa Newsbrief

     

     Week commencing 25 September 2017

     



    traffic-signal-control-board-2731124_1280

     

     

     

     

     

     

     

     

     

     

     

    Ghana

    Customs World takes over West Blue Limited

    Customs World, a subsidiary of Ports Customs and Free Zones Corporation Dubai, has signed an agreement to take over global IT consulting firm, West Blue Ghana. The takeover will automate customs, free zones and port processes in Ghana and also build Ghana’s capacities through the application of technology and services that will mirror Custom World’s operational model in Dubai.

    Joy Online 20 September

     

    Malawi

    $234m irrigation project earmarked for January

     The first phase of the Shire Valley Irrigation programme is expected to roll out in January 2018. The programme will be funded by the World Bank and the African Development Bank (AfDB) and is expected to run between 2018 and 2023. The World Bank has committed $160m while AfDB will contribute $50m. Once the project is complete it will boost agricultural production by helping farmers increase productivity.

    The Times Malawi 21 September

     

    Morocco

    RTAP Dev takes over operation of Casablanca tramway

    Casa Transport has signed a long-term contract with the French owned transport operator RATP Dev. The project worth an estimated $468m and considered to be the most ambitious in urban transport made in the African continent, will see RATP Dev take over the operation and maintenance of Casablanca’s tramway network from 2017 to 2029.

    Morocco World New 18 September

     

    Zanzibar

    Bank, Real estate firm partner on mortgage financing

    People’s Bank of Zanzibar (PBZ) has signed a contract with real estate developer, CPS Live, enabling PBZ customers to rent or own the modern houses CPS is developing at Fumba costal village in Zanzibar. The project aims to enable bank employees and customers to live and own modern houses while through affordable repayment. 80% of houses built in the first phase have already been sold.

    Daily News 19 September

     

    Mozambique

    Chinese company to build houses in Nampula

    About 1,800 modern houses are planned for the city of Nampula as part of a project supported by a public-private partnership involving Chinese enterprises. The project, valued at $200m, will comprise of mixed apartments, detached and semi-detached houses. The first-phase investment of about $10m will cover project design, street layout, the first homes and a commercial area. The houses will cost between $80,000 to $160,000.

    Club of Mozambique 22 September

    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 25 September

Leriba in the Media
>>
Snapshots
>>
Weekly newsbriefs

weekly Africa Newsbriefs 25 September

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

Leriba Africa Newsbrief

 

 Week commencing 25 September 2017

 



traffic-signal-control-board-2731124_1280

 

 

 

 

 

 

 

 

 

 

 

Ghana

Customs World takes over West Blue Limited

Customs World, a subsidiary of Ports Customs and Free Zones Corporation Dubai, has signed an agreement to take over global IT consulting firm, West Blue Ghana. The takeover will automate customs, free zones and port processes in Ghana and also build Ghana’s capacities through the application of technology and services that will mirror Custom World’s operational model in Dubai.

Joy Online 20 September

 

Malawi

$234m irrigation project earmarked for January

 The first phase of the Shire Valley Irrigation programme is expected to roll out in January 2018. The programme will be funded by the World Bank and the African Development Bank (AfDB) and is expected to run between 2018 and 2023. The World Bank has committed $160m while AfDB will contribute $50m. Once the project is complete it will boost agricultural production by helping farmers increase productivity.

The Times Malawi 21 September

 

Morocco

RTAP Dev takes over operation of Casablanca tramway

Casa Transport has signed a long-term contract with the French owned transport operator RATP Dev. The project worth an estimated $468m and considered to be the most ambitious in urban transport made in the African continent, will see RATP Dev take over the operation and maintenance of Casablanca’s tramway network from 2017 to 2029.

Morocco World New 18 September

 

Zanzibar

Bank, Real estate firm partner on mortgage financing

People’s Bank of Zanzibar (PBZ) has signed a contract with real estate developer, CPS Live, enabling PBZ customers to rent or own the modern houses CPS is developing at Fumba costal village in Zanzibar. The project aims to enable bank employees and customers to live and own modern houses while through affordable repayment. 80% of houses built in the first phase have already been sold.

Daily News 19 September

 

Mozambique

Chinese company to build houses in Nampula

About 1,800 modern houses are planned for the city of Nampula as part of a project supported by a public-private partnership involving Chinese enterprises. The project, valued at $200m, will comprise of mixed apartments, detached and semi-detached houses. The first-phase investment of about $10m will cover project design, street layout, the first homes and a commercial area. The houses will cost between $80,000 to $160,000.

Club of Mozambique 22 September