Weekly Africa Newsbriefs 26 February


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 26 February

Leriba in the Media
Weekly newsbriefs

Weekly Africa Newsbriefs 26 February

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Leriba Africa Newsbrief


 Week commencing 26 February 2018














Israeli gas group signs multibillion-dollar deal with Dolphinus

Israeli oil and natural gas exploration group Delek has signed two deals to sell gas to Egyptian gas distributor Dolphinus Holdings. Under the deal, Delek will supply Dolphinus with 64-billion cubic metres of gas worth $15bn over 10 years. The gas will be supplied from deep-water offshore gas fields in the Mediterranean, owned by Delek with American energy company, Noble.

Haaretz 19 February

International supermarket chain set for major expansion

The Dubai-based Majid Al Futtaim group (MAF) has signed an agreement to open 100 new Carrefour stores across Egypt, adding to the 37 stores it already  operates for Carrefour in Egypt. MAF has not disclosed how much it will invest on the move, but it intends to source its products from local suppliers and farmers.

Kam City 20 February



Lubambe Copper Mine gets private equity injection

Australian private equity firm EMR Capital is looking to double copper production to 40,000 tonnes at Lubambe Copper Mine over two years after acquiring an 80% stake amounting to $100m. The investment is the company’s first on the African continent.

Zambia Daily Mail 21 February



Afreximbank pledges investment for multiple projects

The African Export-Import Bank is set to invest up to $1.5bn in fishing, mining and financial projects in the mineral-rich north African nation as it seeks to diversify its economy. The investment is earmarked for infrastructure projects in the private sector, with a strong focus on the banking sector.

The Guardian Nigeria 20 February



US firm to supply hydropower plant dredging equipment

Hydropower efficiencies are expected to improve following the Malawi Challenge Account’s (MCA) awarding of a $7m contract to US firm, Elliot Dredges, for the supply of dredging equipment at its Kapichira Hydropwer Plant. The contract aims to improve the MCA’s power generation capacity as it implements a $350.7m energy production project. Nearly 95% of the country’s power is generated by hydropower.

The Nation 19 February