October 31 2021

Africa in Review by the Numbers (October 2021)

Review by Kili Partners . Powered by Asoko Insight


Female business owners on the Jumia platform in Kenya, according to the firm's Africa E-commerce Index 2021. Women represent the same proportion of sellers in Nigeria, another of Africa's leading e-commerce markets. Jumia's CEO cited online retail as being 'inherently female-entrepreneur friendly'.


$300 million

Investment planned by Orange, the French multinational telecommunications company, in Egypt in 2022. This was announced during a meeting between several Egyptian emissaries including Prime Minister Mostafa Madbouly and representatives of a group of the largest French companies held on Monday in Paris.
(Egypt Today)


4,000 tonnes

Annual capacity of Sierra Leone's first cocoa processing plant. The facility, launched by Capitol Foods, one of the country's leading agribusinesses will produce cocoa paste for export, sourcing beans from a network of over 2,800 farmers.
(Food Business Africa)



Nigeria's share of the total volume of private equity (PE) deals in West Africa between 2015 and 2020. Africa’s most populous nation also accounted for 54% of the total value of PE funding in the region, according to data from AVCA. Ghana followed at 17% and 26% respectively, and Kenya lead the way in East Africa, having received 61% of the total volume and 58% of the total value of PE deals in the region.


6.5 million bags

Uganda's coffee exports in the year through September, a 30-year peak. Increased uptake was due to growing demand from European buyers, especially Italy’s espresso lovers, amid shipping disruptions in Brazil and Vietnam.
(The Citizen)


$27 billion

Financing sought by South Africa to develop electricity infrastructure to facilitate the shift away from coal. More than 80% of the country's electricity is powered by coal, with Eksom aiming to decommission between 8,000 and 12,000 MW of coal over the next decade.


85 MW

The total target wattage of the Regional Rusumo Hydroelectric Power Project in Rwanda after implementation of a redesign which could add at least 5 MW to the original 80-MW capacity. The $340 million project will benefit Tanzania, Burundi, and Rwanda, with first power targeted at the end of the year.
(New Times)


$8.9 billion

Amount of financing provided by the European Bank of Reconstruction and Developments (EBRD) to Egypt, according to Rania Al-Mashat, Minister of International Cooperation. In total, the EBRD has financed 143 projects, 75% of which have been from the private sector. Egypt topped the list as the EBRD's largest country of operations in the southern and eastern Mediterranean region in 2020.
(Egypt Today)



The number of drone licences that the Kenya Civil Aviation Authority (KCAA) has issued since January. Uptake has been encouraged by changes in legislation enabling drone use from late last year but has been dampened by the high cost of training. A more conducive regulatory framework for use of unmanned drones is expected to support Africa to leapfrog infrastructure challenges.
(Business Daily)


$1.2 billion

The amount expected to be raised by MTN Uganda in the highly anticipated 20% share sale of the telco on the Uganda Securities Exchange. The listing will make MTN Uganda the second publicly traded telecom in the EAC after Safaricom’s IPO on the Nairobi Securities Exchange in 2008.
(Daily Monitor)



The reduction in Kenya Power's electricity tariffs due to take effect in December 2021 in a move designed to attract foreign direct investment and spur industrial growth. This development should also prop up power demand and save the struggling utility firm, Kenya Power, from imminent collapse.
(The East African)



Wind turbines to be supplied by GE Renewable Energy to Morocco's 200-MW Aftissat onshore wind farm. The new facility is the second windfarm built with GE equipment in the country and will bring the kingdom closer to its target of having 52% of its power from renewable sources by 2030.
(Morocco World News)



Global rank of Ethiopian Airlines, which also holds the title of best carrier in Africa for the fourth year in a row, according to the SKYTRAX World Airline Awards 2021. South African Airways and Kenya Airways came in second and third of the continent's airlines.
(The East African)


254k jobs

Kenyan jobs that were shed in the three months to March, despite the economy showing signs of recovery from Covid-19 hardships. While this paints a grim picture of the economy, the World Bank expects Kenya’s economy to grow by 4.5% this year and to climb to above 5% in the subsequent two years
(Business Daily)


100% duty-free

Ghana plans to introduce a full waiver on tariffs for electric vehicle imports. According to Ghana's Minister of Energy, this waiver will reduce greenhouse gas emissions, stimulate demand for the country's excess power capacity and, most importantly, avoid the country becoming a dumping ground for used fossil-fuel cars as the world moves to eco-friendly vehicles.