African Business

African Business is a monthly business publication. Founded in 1966, IC Publications Ltd. publishes this magazine. The Editor is Anver Versi.

Articles from No. 328, February

AB Guide to African Currencies
AB Guide to African Currencies Country Currency [pounds sterling]STG Algeria (Dinar) 140.55 Angola (New Kwanza) 157.34 Benin (CFA) 994.16 Botswana...
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African Markets Pack a Punch: African Stock Markets May Be Small in Global Terms, but They Make Up in Performance What They Lack in Size. African Markets, Termed 'The Last Frontier' Have Plenty to Offer Investors Who Have Not Lost Their Sense of Adventure
The 'wind of change' blowing across the continent, as African countries seek to attract increased foreign capital and technical expertise to build vibrant debt and equity markets, could soon reach gale-force. That forecast is based on the knowledge...
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A Good Time to Celebrate: The Ghanaian Economy Continues to Go from Strength to Strength as the West African State Approaches Its 50th Independence Anniversary. Neil Ford Looks at the Roots of Ghana's Success
Although it is unlikely to ever record the extremely high growth figures of new oil producers, such as Equatorial Guinea and Chad, Ghana is now growing at around 6% a year, enough to improve national living standards. Moreover, this growth is being...
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Angola Joins Opec: The Decision by Oil Producers' Organisation, Opec, to Admit Angola as Its 12th Member Has Finally Set the Seal on the Country's Emergence as a Major International Oil Producer. Neil Ford Discusses the Impact on the Country's Economy
Angola's oil output has risen to about 1.4m barrels a day (b/d) as the first in a long line of new deepwater oilfields have been brought on stream but this figure could reach 2m b/d during the course of 2008. Membership of the Opec cartel should give...
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A North African Soul Rebel: Tributes and Protest
Diwan 2 Rachid Taha Wrasse Records WRASS181 It has been eight years since Rachid Taha released his first Diwan album, and a couple of years since his reworking of the celebrated 1970s UK group, The Clash's anthem Rock el Casbah on the hard-hitting...
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Business Meeting the Challenge
An Inspiris-produced background report for the international Business Forum's 11th Congress, held in Bonn last October, contained a number of corporate social responsibility (CSR) case studies from across Africa. Stephen Williams highlights five studies...
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CSR-First Principle of Survival: African Business Editor, Anver Versi Was Invited to Make the Keynote Speech on Best Practices in Corporate Social Responsibility and Sustainability at a High-Level Seminar Held at the University of Illinois, Chicago. Following Are Excerpts from His Speech
We need serious corporate social responsibility in the management of our world because this is the only world we have and will ever have. If we mess up this planet, which is still extremely beautiful when viewed from outer space, we will have nowhere...
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Film Stirs Up Blood Diamonds Storm: A New Hollywood Blockbuster, Starring Leonardo DiCaprio, Is Bringing Renewed Public Attention to the Issue of Conflict Diamonds. Stephen Williams Reports
The whole issue of conflict diamonds is again becoming a high-profile public concern thanks to a new film from Warner Brothers studios, made by Ed Zwick and starring the Hollywood heart-throb Leonardo DiCaprio. [ILLUSTRATION OMITTED] Set in the...
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Gold Tops Glittering Pile: When the World Is Feeling Rich, It Buys Gold and Other Precious Metals-Mostly from Africa. the Last Year Has Been Excellent for African Producers, Writes Moin Siddiqi in His Annual Review of Precious Group Metals
Sub-Saharan Africa, led by South Africa, produces a quarter of the world's gold supply, more than half of its diamonds, as well as around 80% of its platinum and 35% of its palladium. Although the world's most mineral-rich continent has a direct impact...
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Morocco-Enterprise and Red Tape: What Is Business in Africa Really like? Katrina Manson and James Knight Drove from Morocco to Sierra Leone in Search of the Realities for SMEs. on Their Month-Long Trip, They Met Feisty Entrepreneurs Working Hard in Tough Circumstances. First Up, Morocco
"You can know Morocco as little as you can know the sea." Mohamed--not a philosopher, but a petrol pump attendant--told us this in Ceuta, the Spanish tax haven at the northern tip of Morocco, and our gateway into Africa. Our first attempt to...
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No Fuss as the Milkman Wins Again: This Time around, There Were No Dramas Following the Island Nation's Presidential Elections and Marc Ravalomanana Was Sworn in for a Second Term. His Main Task Will Be Regaining the Economic Momentum That Was Lost Following Political Crises in 2002. Neil Ford Reports
The Malagasy incumbent president, Marc Ravalomanana has won a second term of office as a result of his success in December's election. The constitutional court has confirmed that the self-made millionaire secured victory in the first round of voting,...
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Partners in Africa's Development
The Kuwait Fund for Arab Economic Development (KFAED) was founded in 1961, the year of the State of Kuwait's independence. It set a precedent as the first national institution established by a developing nation to provide support to other countries...
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Power Is the Key: Namiba's Ambitions to Diversify Its Economic Base from Dependence on Mining and Agriculture Will Depend on Its Ability to Increase Its Power Supply. Neil Ford Reports on the Latest Projects That Will Help This Southern African Country Do Just That
During its 16 years of independent existence, Namibia has relied heavily on just two sectors to power its economy: mining and agriculture. The fortunes of the latter have fluctuated along with changes in commodity prices for copper, diamonds, gold,...
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Protection of the African Environment
Environmental impacts feature high on the list of priorities for the Kuwait Fund when considering financing. A good example is the rehabilitation of the Korle Lagoon in Accra, Ghana. The lagoon had been a blight on the lives of some of the poorest...
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Reform World Bank, IMF
Britain's Prime Minister-in-waiting, Chancellor Gordon Brown articulated what most in the developing world have been saying for almost two decades: in a keynote speech in India last month, he agreed that the UN and in particular the Bretton Woods institutions,...
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Second LNG Train Planned for Eq. Guinea: Although Equatorial Guinea's First Liquefied Natural Gas (LNG) Train Is Not Yet Complete, Plans Are Already Afoot to Add Another One. in the near Future, the Gulf of Guinea Could Become One of the World's Most Important Suppliers of Natural Gas
Marathon Oil Corporation of the US has announced that a second liquefied natural gas (LNG) production train is expected to be added to the Punta Europa plant in Equatorial Guinea. The project's first train is not yet complete but the Marathon-led development...
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The Global Compact: With Special Responsibility for Relations with the General Assembly, Kola Badejo Is the Principal Adviser to the UN Global Compact's Executive Head, Georg Kell. He Spoke to Stephen Williams regarding the Organisation's Work and the Emphasis It Is Placing on Attracting Greater African Participation
The UN Global Compact was launched as a response to former UN Secretary-General Kofi Annan's statement at the January 1999 World Economic Forum. Annan said: "I propose that you, the business leaders gathered in Davos, and we, the UN, initiate a global...
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The Make or Break Elections
In April, around 80 million Nigerian voters will go to the polls to elect a new government and president. If the elections go well, this will be first time in the country's history that a democratically elected government will hand power over to another...
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The Presidential Candidates: As of January, Only 26 of the 50 Political Parties Had Submitted the Names of Their Presidential Candidates to the Independent National Electoral Commission (INEC). of the 26, Seven Did Not Submit the Names of Their Presidential Running Mates. but of the 26 Presidential Candidates, Only a Few Have Name Recognition in Nigeria
Umaru Yar'Adua --The Peoples Democratic Party (PDP) The emergence of Yar'Adua as the PDP candidate caused so much disenchantment that his first act as a candidate was to visit aggrieved party members, particularly the state governors who were...
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Vigilante Groups out of Control: South Africa's Spiralling Crimewave Is Producing a Disturbing Backlash-The Growth of Vigilantism and 'Instant Justice'. Criminals, and Those Suspected of Being Criminals, Can Expect Little Mercy from the Public When They Are Apprehended. What Sort of Society Will This New Trend Produce, Asks Tom Nevin
The pre-Christmas party buzz and bonhomie at the popular north Johannesburg Buck and Hog bar and grill were shattered at about 8.00pm when three armed robbers burst in and ordered the patrons to surrender their valuables and cash. Waving handguns,...
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