Weekly Africa Newsbriefs 7 August

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    Leriba Africa Newsbrief

     

     Week commencing 7 August 2017

     


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    Uganda

    Chinese firm invests millions in water transport development

    Chinese firm Tianjin Dredging will invest $500m to develop Uganda’s water transport sector. The company is expected to build cargo and passenger ships, as well as new ports and water ways to reduce the cost of business and boost Uganda’s tourism potential. Work for the project is expected to begin as soon as the company signs a contract with the government. Tianjin Dredging will also help recover the debris of a cargo ship that sunk in 2005 in Lake Victoria.

    Daily Monitor 2 August

     

    Kenya

    Safaricom eyes northern Kenya in Ethiopia fibre optics deal

    Safaricom has acquired a 260km stretch of fibre cable between Marsabit and the border town of Moyale in a bid to capture Kenyan internet users. Mauritius-based Bandwidth and Cloud Services sold the fibre cable to Safaricom for an undisclosed amount and the deal has received regulatory approval. The acquisition is also seen as a strategy to provide an additional redundancy route through Ethiopia in the event of outages on the Mombasa undersea cables.

    Daily Nation 4 August

     

    Morocco

    Sound Energy gets green light to build gas pipeline

    The province of the Oriental Region has approved Sound Energy’s plan to begin work on its gas export pipeline. The authorisation paves the way for the British oil and gas exploration specialist to focus on engineering and commercial activities, with the ultimate goal of transporting gas from Tendrara.

    Morocco World News 1 August

     

    Liberia

    Government kicks off 35.5m electricity project

    The government has approved a contract to erect additional transmissions and distribution lines to transfer more electricity to Monrovia from the Mount Coffee Hydro Dam. Besides local government entities, stakeholders include the European Union Delegation to Liberia, ELTEL, the Swedish company contracted to implement the project and engineering firm Intec Gopa. €34m will be spent on engineering works while €1.5m will go towards monitoring and evaluation activities.

    Daily Observer 1 August

     

     

    Nigeria

    Drive to transform data management landscape  

    Data solutions provider Intelics Solutions has restated its commitment to provide information technology solutions. The firm has partnered with India’s Writer Corporation, which will provide management software. The Mumbai-based firm will set up an information management centre in Lagos to bring a complete transfer of information from India into Nigeria and transform the information management landscape of the country.

    The Guardian Nigeria 3 August

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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 7 August

Leriba in the Media
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Snapshots
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Weekly newsbriefs

Weekly Africa Newsbriefs 7 August

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

Leriba Africa Newsbrief

 

 Week commencing 7 August 2017

 


ship-2344111_1280

 

 

 

 

 

 

 

 

Uganda

Chinese firm invests millions in water transport development

Chinese firm Tianjin Dredging will invest $500m to develop Uganda’s water transport sector. The company is expected to build cargo and passenger ships, as well as new ports and water ways to reduce the cost of business and boost Uganda’s tourism potential. Work for the project is expected to begin as soon as the company signs a contract with the government. Tianjin Dredging will also help recover the debris of a cargo ship that sunk in 2005 in Lake Victoria.

Daily Monitor 2 August

 

Kenya

Safaricom eyes northern Kenya in Ethiopia fibre optics deal

Safaricom has acquired a 260km stretch of fibre cable between Marsabit and the border town of Moyale in a bid to capture Kenyan internet users. Mauritius-based Bandwidth and Cloud Services sold the fibre cable to Safaricom for an undisclosed amount and the deal has received regulatory approval. The acquisition is also seen as a strategy to provide an additional redundancy route through Ethiopia in the event of outages on the Mombasa undersea cables.

Daily Nation 4 August

 

Morocco

Sound Energy gets green light to build gas pipeline

The province of the Oriental Region has approved Sound Energy’s plan to begin work on its gas export pipeline. The authorisation paves the way for the British oil and gas exploration specialist to focus on engineering and commercial activities, with the ultimate goal of transporting gas from Tendrara.

Morocco World News 1 August

 

Liberia

Government kicks off 35.5m electricity project

The government has approved a contract to erect additional transmissions and distribution lines to transfer more electricity to Monrovia from the Mount Coffee Hydro Dam. Besides local government entities, stakeholders include the European Union Delegation to Liberia, ELTEL, the Swedish company contracted to implement the project and engineering firm Intec Gopa. €34m will be spent on engineering works while €1.5m will go towards monitoring and evaluation activities.

Daily Observer 1 August

 

 

Nigeria

Drive to transform data management landscape  

Data solutions provider Intelics Solutions has restated its commitment to provide information technology solutions. The firm has partnered with India’s Writer Corporation, which will provide management software. The Mumbai-based firm will set up an information management centre in Lagos to bring a complete transfer of information from India into Nigeria and transform the information management landscape of the country.

The Guardian Nigeria 3 August