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. 363, April

Accenture, over 30 Years in Africa
Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful...
Africa's 'A Farm in Every Garden' Revolution Gathers Pace: An Agricultural Revolution, Launched Silently in Suburban Africa, Now Seems to Have Taken off in a Big Way. It Involves Poor Residents in Africa's Sprawling Urban Spaces Growing Their Own Organic Produce and Selling the Surplus. Tom Nevin Reports on This Quiet Revolution
For the past couple of decades or so, a revolutionary agricultural approach has quietly been recruiting followers, to the extent that a cohesive movement is emerging with the backyards of Africa's suburban dwellers as its territory. [ILLUSTRATION...
Africa's Top 250 Companies
Rank Rank Company name Country Industry 2010 2009 1 New BHP Billiton South Mining and Metals Africa 2 1 Anglo American South Mining...
Banks Sustain Nigerian Domination
Nigeria's biggest banks continue to dominate our survey of the Top 50 West African companies but this year has been one of reform and consolidation rather than rapid expansion. In the wake of the global banking crisis, the Central Bank of Nigeria...
Benefits to Flow as East Africa Removes Trade Barriers: By June This Year, Goods and Services Should Flow Freely among the Five Nations That Now Make Up the East African Community. the Enlarged Trading Bloc Will Also Offer Investors and Manufacturers a Much Bigger Market and It Will Have Increased International Negotiating Clout. but, as Sarah Rundell Reports, There Can Be Many a Slip between Theory and Practice
After a long and difficult birth, five governments in the East African Community finally delivered a free trade deal that should give commerce in the region a real boost. Signed at the end of last year at the EAC headquarters in Arusha, the deal allows...
Botswana, Malawi Are the Stars
South Africa may dominate Southern Africa more completely than any other African economy dominates its region. Yet once the continent's biggest economy is taken out of the equation, Southern Africa is the most competitive of our regional tables. ...
Capitalising on a New Global Tourism Trend: A Growing New Trend in Global Tourism Where Visitors Are Accommodated in Private Homes, Allowing Them to Share in Local Lifestyles and Also Providing Welcome Additional Income to Citizens, Is about to Take off in Kenya. Solomon Mburu Has the Details
A drive through the sandy earth roads in the savanna grasslands of Central Kenya reveals the unexpected sight of magnificent colonial homes built by World War Two retirees from the British Army in the 1940s. [ILLUSTRATION OMITTED] Now owned by...
Disputes and Uncertainty Mar Zim's Brilliant Potential: Zimbabwe Continues to Both Fascinate and Frustrate. Its Full Mining Potential Has Hardly Been Touched and Ongoing Disputes over Ownership and Certification, Added to the Impact of Sanctions, Continue to Disrupt Production. M J Morgan Examines the Key Issues
Zimbabwe has the world's second-largest reserves of platinum and chrome as well as substantial gold, coal, diamonds and nickel deposits. But the process of realising that vast mineral endowment remains politically hamstrung. There have been allegations...
Egypt Fights Back
While the global economic downturn affected stock values across North Africa last year, there was no doubt that Egyptian firms had been more severely affected than their Moroccan counterparts. Yet 12 months later, the recovery has certainly been...
Eskom-Between a Rock and a Hard Place: South Africa's Energy Monopoly Eskom Says It Has Enough Power to Meet Demand until Next Year-But, after That, It Is 'Fingers Crossed' for the Country's Business and Domestic Consumers. the Solution, Argues Tom Nevin, Is for Eskom to Break with Tradition and Look for outside Providers
Eskom, South Africa's power utility, says it will have enough power to see the country through 2010 but demand from 2011 is another matter. [ILLUSTRATION OMITTED] The state monopoly's Chief Operating Officer for Generation, Brian Dames, appealed...
FDI into Africa the Iron Is Hot: It Took a Recession of Near-Depression Proportions to Bring to Light a Phenomenon Few on Either Side of the North-South Divide Previously Seemed Aware Of: Africa Is Now the Investment Destination of Choice. While Some Investors Are Still Blinded by Stereotypes and Preconceptions, the Savvy Are Moving in Numbers to a Continent Whose Real Potential Has Hardly Been Touched. Tom Nevin Reports
When the flood waters of the economic near calamity of 2008-09 began to subside, it became apparent that emerging nations had suffered much less damage to their economic structures than had the developed world. An immediate consequence was a heightened...
How Do African Companies Fare in the World? Comparing Africa's Top 25 against Leaders in Asia, Latin America and the Middle East
While Africa boasts some very large companies, it is worth considering them within a global context. Although the market capitalisation of the top 25 African companies is $416.38bn, the comparable figure for the top 25 Asian companies is $1,787bn;...
Joseph Stiglitz Time to Reinvent the Global Economy
The global economic crisis has created doubt and anxiety and raised numerous questions about the state of the planet, our systems of governance and the implications of our actions, and about us as human beings. When will the crisis end? Do we have...
Kenya, Mauritius Still Lead
As in most of the rest of the continent, the value of East Africa's leading companies has recovered strongly over the past year. The region's biggest firm by market capitalisation, Safaricom Ltd, is valued at $2.7bn, up from just $1.5bn in last year's...
Kingdom's Trade Caravan Heads South: Morocco, the North African Kingdom, Wants to Expand Its Trade and Investments to the Rest of the Continent. It Has Launched an Ambitious 'African Exports Caravan' to Not Only Sell Its Products but Also Its Expertise. the Country's Minister for Foreign Trade, Abdellatif Mazouz, Explains What the Campaign Is All about to Isabelle Dana
African Business: What is the prime objective of the African Exports Caravan? Abdellatif Mazouz: The African Exports Caravan is the result of a strategy, the main thrust of which was given by His Majesty King Mohammed VI with the view of developing...
Let's Excise Corruption Once and for All
One of the most heinous crimes you can commit in China is to be found guilty of corruption. The description of corruption extends to, for example, endangering the public through the use of inappropriate materials--as in case of the excessive lead in...
Mining Rebounds Strongly: Zambia's Mining Sector, Which Recorded a Marked Slowdown in 2008-09 in the Wake of the Global Economic Crisis That Led to the Closure of Some Mining Operations, Has Now Embarked on an Upswing. Nawa Mutumweno Reports from Lusaka
The worst of the global economic crisis now seems to have passed and Zambia's mining industry is set for revival. There has been a resumption of operations in mining firms that had gone on 'production leave' and new investments in the offing. ...
Nepad: Looking for a Silver Lining? Everyone Thought Nepad Was a Terrific Idea, but Not Many Knew Exactly What It Was or What It Did. after Just Eight Years, the Initiative Has Lost Its Free-Range Status and Is Being Integrated into the African Union. Is This the End of Yet Another Great African Dream? Tom Nevin Reports
Nepad, as an ambitious stand-alone champion of advancing Africa's economic fortunes, is no more. And while it has not gone completely, it might well soon be forgotten. As resolved by the continent's leaders at the 14th Annual Summit of the African...
New Entrants
Whether during the best or worst of times, some companies inevitably fare better than others. Some operate in sectors that enjoy rapid growth; some operate in booming markets; while others are simply better managed than their competitors or have the...
Optimism Reflects Strength of African Bounce-Back
As always, our survey of the Top 250 African companies closely reflects developments in the African and global economies over the past 12 months. The 2009 table revealed massive falls in the value of the continent's leading companies as international...
Rebranding Nigeria-What Really Counts, Packaging or Product? It's Africa's Biggest Democracy and Most Populous Nation. It Is Renowned for Its Rich Culture and Entrepreneurial 'Can-Do' People Who Make No Secret of Their Aspiration to Become the Continent's Economic Powerhouse. Yet Nigeria's Image Has Taken a Pounding in Recent Years. Sarah Rundell Reports on an Ambitious Campaign to Rebrand the Country
It's been a bad year for Nigeria. Spectacular growth in the financial services industry hit the buffers when last year's banking crisis exposed nine banks near collapse and forced a $4bn Central Bank bail-out. Anti-corruption police brought charges...
Robust Recovery for African Companies
Our survey of the Top 250 African companies presents a familiar picture this year. South African companies, particularly in the mining industry, almost completely dominate the higher reaches of our table, while Egyptian and Moroccan firms fill many...
South Africa Leads Climate Change Talks
South Africa is leading Africa's participation at the Major Economies Forum on Energy and Climate and is among the 16 nations invited to a series of high-level meetings on climate change convened by US President Barack Obama. The first of these...
Squeezing Energy from Hot Rocks and Coconut Oil: Mauritius Is Bent on Exploring Every Possibility of Producing Energy, since It Has No Oil, No Natural Gas or Coal. It Has Already Developed Energy from the Sun, the Wind and Bagasse, and the Search Goes on, Writes Nasseem Ackburally from Port Louis
Arjoon Suddhoo, Executive Director of the Mauritius Research Council (MRC) is excited: "Just imagine for a moment that a small island like Mauritius can derive its energy needs on a 24-hour basis, every day of the year, from the hot rocks lying underneath...
Stock Values Benefit from Recovery
While the South African economy has suffered many trials and tribulations as a result of the global economic crisis, the value of its leading companies has recovered strongly since our survey last year. The top three companies are all dual listed...
Superpower Africa
Can you envisage a day when Africa will wield such enormous influence that the rest of the international community will be obliged to side with her on global issues? That is the acid test of a superpower, and this day may arrive sooner than you think....
The BRICs, Not the First World, Spearhead Global Recovery: Although the World Is Well on Its Way to Recovery Following the Global Economic Crisis, Poorer Nations in Africa, and Elsewhere, Can Expect a Rough Ride as Donor Commitments Reduce. Africa's Best Strategy in the near Future Is to Look to the Emerging Markets, Rather Than Their Traditional Trading Partners, for Essential Growth
Emerging economies, led by Brazil, Russia, India and China, are reviving economic activity and trade after a dreadful 2009 when world merchandise trade volumes plunged 18%, the steepest drop since the 1930s' Great Depression. This demonstrates the...
The Marabout and the Griot: Ali's Last Bow
Ali and Toumani By Ali Farka Toure & Toumani Diabate World Circuit Cat: WCD083 Recorded over three afternoons at Livingston Studios in London, UK, this CD is the follow-up to the Grammy award-winning In the Heart of the Moon and the...