African Business du 06-11-2018

African Business du 06-11-2018

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Ajouté le 06 novembre 2018
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S P E C I A L R E P O R T S T h e B e s t s e l l î n g P a n - A  r î c a n B u s î n e s s M a g a z î n e I T a n d t e l e c o m s c o n t i n u e t o b o o m B r i d g i n g t h e i n f r a s t r u c t u r e d e f i c i t Africant h e M e e t i n g c h a l l e n g ed e m o g r a p h i c F E AT U R E S Tu r k i s h i n v e s t m e n t u n d e r t h r e a t K e n y a ’s t a x s q u e e z e BUSINESSN E PA DC E O , M a y a k i , I b r a h i m I N T E R V I E W S A n IC P ub lîc atîo n | 5 2n d Yea r | N ° 45 7 | N ovemb er 2018 R a z a H a s n a n i , A f r i c a 5 0 HIGHSTAKES G a m b l i n g i n A f r i c a
Euro Zone €5.00UK £4.00USA $6.50Algeria DA 300Angola 1000 Kwanza (AOA)Australia A$ 7.50Bahrain BD 2.00Canada $6.50 ● ● ● ● ● ● ● ● CFA Zone CFA 3.000Cyprus 4.00Denmark DKr 40Egypt E£ 33Ethiopia R 90Gambia Da 150Ghana GH¢ 12.00Indonesia R45,000 ● ● ● ● ● ● ● ● Jamaica $680Kenya KShs 350Jordan JD 3.500 Kuwait KD 1.500Lebanon LL 7500.00Malaysia RM 15.90Mauritius MR 150 ● ● ● ● ● ● Morocco Dh 39Norway NOK 59Oman OR2.00Qatar QR 20Rwanda RWF 3000Saudi Arabia Rls 20Sierra Leone LE 20.000 ● ● ● ● ● ● ● Singapore $7.50South Africa R40.00 (inc. tax)Other Southern African Countries R 35.10 (excl. tax)Sweden SKr 33Switzerland SFr 8.70 ● ● ● ● Tanzania TShs 6,500Tunisia TD 5.000Turkey 10.000YTLUAE Dh 20Uganda USh 10,000Zambia ZMK 45 ● ● ● ● ● ●
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CONTRIBUTORS Gîorgîo Berî Tom Coîns Neî Ford înus Una Sepen Wîîams
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N° DE COMMïSSïON PARïTAïRE  K  Mensue: Novembre  Dépô éga
C O N T E N T S N ove m b e r 2 0 1 8 I S S U E N ° 4 57 W W W . I C P U B L I CAT I O N S . C O M
COVER STORYBETTING THE HOUSE: AFRICA EMBRACES GAMBLING
BUSINESS INTELLIGENCE 4 News, deals, events and  appointments rom  around Arica
COVER STORY: GAMBLING 12Betting the house:  Arica embraces gambling 18Bookmakers bet on Kenya
FEATURES 20 Bill Gates highlights  demographic challenge 22Interview – Ibrahim Mayaki,  CEO, NEPAD 26 Tutu Fellows column –  Banks will not become extinct 28Tax squeeze in Kenya 30 Perspective – Technology  can drive inclusive growth
SPECIAL REPORT: INFRASTRUCTURE 33Bridging the inrastructure gap 36Interview – Raza Hasnani,  Arica50
SPECIAL REPORT: IT AND TELECOMS 38Arican ICT ocuses  on internet access 40The rise o Arica’s tech industry 45Perspective – Skilling up  youth or the digital age 47Interview – Raghav Prasad,  President o Mastercard SSA 50Interview – Ahmad Mokhles,  COO, Liquid Telecom
FEATURES 53Perspective –Turkey’s  partnership with Arica 54 Turkey: Threats to  investment in Arica 56Interview – Régis Immongault, Minister o State, Foreign Afairs, Cooperation, Francophonie and Regional Integration, Gabon 59 Nigeria: Farmer-herder clashes 62Zambia: Towards an IMF bailout?
ROUNDTABLE 66Leveraging talent in East Arica
BOOK REVIEW 72Keys to growth in the Arican market
LAST WORD 74Holding leaders to account on hu-man development
4Arîcan BusînessNovember 2018
Business IntelligenceNews
he value o Arîca’s travel and tourîsm îndustry îs set to rîse rom $7.bn în 7 to $.bn în .
Africa’s mobile uptake slows he rîse în e number o mobîe subscrîbers în Arîca as aen beow e doube-dîgî annua grow raes seen în e Irs a o îs decade, accordîng o a new repor by GSMA ïneîgence. Despîe e sowdown, e regîon îs sî expeced o expand by . annuay over e nex Ive years, more an doube e goba rae over e same perîod. Peneraîon raes wî cîmb rom  în  o  by . Fuure grow opporunîîes în Arîca încude rura areas and young peope. (For urter înormatîon on te telecoms market, see tîs mont’s specîal report on IT and telecoms on pages -.)
$113.2bn
RACE TO DOMINATE HOTEL INDUSTRY
Mulînaîonal ospîalîy irms Hîlon Worldwîde, Marrîo Inernaîonal, Hya Hoels and Radîsson ave all pledged o ramp up oel învesmens în Afrîca. Hîlon plans o double îs oel presence în Afrîca over e nex ive years wîle Radîsson wîll buîld 10 new oels în e nex 9 mons. he move comes as e value of Afrîca’s ravel and ourîsm îndusry îs se o jump from $72.8bn în 2017 o $113.2bn în 2028. Mulînaîonal ospîalîy companîes ave spoed îs opporunîy and are învesîng accordîngly.
Private equity IPOs remain stable Prîvae equîy-backed înîîa pubîc oferîngs (ïPOs) remaîned sabe în Arîca beween  and , accordîng o a joîn repor by AVCA and PwC. hey averaged  o oa Arîcan ïPOs în erms o voume and  în erms o vaue. he  Arîcan prîvae equîy ïPOs durîng e perîod reaîsed bn, wî e Joannesburg Sock Excange (JSE) accounîng or  o e vaue. he arges was ’s îe Heacare îsîng, wîc raîsed m on e JSE.
6Arîcan BusînessNovember 2018
Business IntelligenceDealss
Barrîck’s takeover o Randgold wîll create an $bn market capîtalîsatîon.
BARRICK IN $6BN RANDGOLD TAKEOVER
Canada’s Barrîck as agreed o purcase rîval Randgold for$6bn, creaîng e world’s bîggesgold mîner, wî an $18bn marke capîalîsaîon. e move comes aer nearly a decade of slow investor activity due tolow global gold prices and cost-cutting across theindustry. Barrick’s goldproduction fellto5.3m ounces in 2017, from more than 8m ounces a decade earlier. Meanwhile, gold prices have fallen 9% this year to $1,200 an ounce. e deal will give Barrick a much bigger presence in Africa, where Randgold has mines in Mali, Senegal, Côte d’Ivoire and the Democratic Republic of Congo.
Chevron SA assets sold for $973m e joîn venure beween Swîss-headquarered Gencore and Souh Afrîcan învesmen rm O e Shef Invesmens (OTS) has compeed he 7m purchase of Chevron Souh Afrîca (CSA). OTS had a % sake în CSA; now he joîn venure owns % of he company. I aso has fu ownershîp of he rm’s enîre downsream busîness în neîghbourîng Boswana. e joîn venure has înherîed asses whîch încude a , barre-a-day crude oî renery and hundreds of pero saîons în boh Souhern Afrîcan naîons.
Oragroup in $100m IPO Wes and CenraArîcan bank Oragroup as aunced a CFA.bn (m) ïPO on Abîdjan’s Bourse Régîonae des Vaeurs Mobîîères (BRVM), e bîgges ever îsîng on e excange. e nancîa însîuîon wî se % equîy ohep î expand across  counrîes în he regîon, especîay în he dîgîa bankîng secor. Oragroup repored a % rîse în ne revenues for 7, oaîng CFAbn.