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. 309, May

Africans in the US-Second Wave Migrants Outdo African-Americans: Some 50,000 Africans, Hoping to Make New and Better Lives for Themselves, Enter the US Every Year. Ironically, They Appear to Be Overtaking, in Achievement Terms, the First Wave of African Migration to the US during the Era of the Slave Trade. Milan Vesely Reports from Fort Worth, Texas, US
More Africans have entered the US since 1990 than the total number over the previous two decades. Although the number of immigrants coming from Africa is still a trickle when compared to the numbers arriving from Latin America and Asia, the 50,000...
Agriculture Basks in the Sunlight: Kenya's Agriculture Sector Has Enjoyed One of Its Best Periods with Surpluses Recorded in Almost Every Segment. This Has Meant Healthy Profits for Agro-Based Industries. Derek Otieno Reports from Nairobi
Kenya's economic backbone, the country's agricultural sector, has made substantial improvements in the last two years. Growth in demand from Kenya's traditional markets, the stabilisation of soft commodity prices and favourable weather conditions in...
Ailing Ports Get Management Tonic: Nigeria Is Finally Tackling the Chronic Problem of Poor and Inadequate Port Facilities with a Degree of Determination. It Plans to Build New Ports and Simultaneously Tender the Management of Existing Ports to the Private Sector. Neil Ford Reports
Port sector reform has become a cause celebre in the struggle for the future of the Nigerian economy. Since President Olusegun Obasanjo came to power in 1999, the government has struggled to sell off loss-making state-owned companies, privatise parastatals...
"Aljazeera.net" the Online Version of Al Jazeera
Al Jazeera Channel established back in 1996, as the first independent Arabic language satellite channel dedicated mainly to news, have caused a media revolution in the Middle East and North Africa. In January 2001, Al Jazeera Channel launched its electronic...
Attention Turns to Debt Capital as Source of Finance: A Few African Countries (Excluding S Africa) Have Taken the First Steps to Encourage the Creation of Debt Capital Markets Though the Issuing of Bonds. Moin Siddiqi Explains What These Securities Are and How the System Works
A small but definite trend has emerged with African corporations listed outside of South Africa, tapping medium-term capital in local currencies from fledgling bond markets. [ILLUSTRATION OMITTED] The development of debt capital markets in some...
Diamond Production on the Rise: The State's Diamond Corporation, Endiama, Is about to Begin Its Own Independent Production as Part of a General Strategy to Double the Volume of Diamonds Mined. Neil Ford Reports
The Angolan government is putting relatively little effort into economic diversification and nation building in its attempts to gradually move the economy away from a war footing. [GRAPHIC OMITTED] In the short term, the government's main aim...
EU Declares African Goats Illegal Migrants: Our Guest Columnist This Month Describes How His Plans to Make Himself a Livestock Billionaire Came Unstuck
I held the line while the British bureaucrat checked his facts about goats. "No sir, you cannot import live goats from Somalia" he said at last sounding a little embarrassed by the negative response he just imparted. [ILLUSTRATION OMITTED] Oh...
First LNG Plants Give Gas New Lease of Life
While Libya is managing to attract foreign investment in upstream development, neighbouring Egypt has entered a new era in downstream production. A string of offshore and onshore gas discoveries over the past few years have enabled the country to develop...
Is Anglo Spurning South Africa? Is Anglo American, Once South Africa's Strongest Commercial Pillar, Looking to Dig Up Its Roots and Settle in a Foreign Land? Tom Nevin Reports on How South Africa's Contribution to This Giant Multinational Seems to Be Decreasing by the Day
The annual report said it all: contributions from its South African holdings to Anglo American's headline earnings fell sharply to just 25% of the $2.7bn reported by the company in 2004. This was significantly less than the 34% level of 2003 and a...
Justice, African Style: Africa Has Taken a Giant Step Forward in Running Its Own Affairs-It Has Asked the International Criminal Court (ICC) in the Hague to Stay out of Its Conflicts. Instead, It Wants to Set Up Its Own System of Justice for War and Human Rights Crimes
Led by Nigeria, acting on behalf of the African Union, the continent has proposed the setting up of an African Tribunal to handle crimes against humanity and those caused during war. [ILLUSTRATION OMITTED] To emphasize the seriousness of its...
Majors Play the Waiting Game: Western Oil Companies Have Lost No Time in Re-Establishing Themselves in Libya's Oil-Rich Offshore Fields but the Majors Are Still Playing a Waiting Game. Neil Ford Has the Story
Now that Libya has settled almost all its differences with the international community, attention is switching from international relations to oil and gas. The government wants to attract large scale foreign investment in the oil sector in order to...
Mobiles Boost Economic Growth: The Use of Mobiles Is Not Only Growing Faster in Africa Than Anywhere Else in the World, It Is Having a Disproportionate Impact on Economic Growth. Neil Ford Wonders If the Private Sector Approach to Telecommunications Can Be Replicated in Other Sectors of the Economy
A recent report by UK telecoms giant Vodafone Group has revealed strong links between access to mobile technology and economic growth in Africa. [ILLUSTRATION OMITTED] It has long been suspected that the use of mobile phones could boost growth...
On the Carpet
The role of transnational corporations in driving Africa's economy forward is becoming more crucial than ever before. Apart from their direct impact on their respective industries, transnationals also plug Africa into the global business network. ...
Rise of the 'Third-Way' Investor: Neil Ford Describes the Rise and Increasing Influence of a New Type of Investor in Africa's Crucial Power Sector-Companies like Globeleq, Which Are Owned by the British Government but Run like a Commercial Firm
While the major international power companies have tended to pull out as independent power producers (IPPs) in Africa in recent years, a new type of investor has emerged--companies that have both financial and development goals in mind. [ILLUSTRATION...
Security Expected to Uplift Economy
The chances of greater security for Rwanda, eastern Democratic Republic of Congo (DR Congo) and the whole of the Great Lakes region were given a massive boost at the end of March, with the news that the Democratic Forces for the Liberation of Rwanda...
Tiptoeing Magic: Africa's Most Popular Group
Raise Your Spirit Higher Ladysmith Black Mambazo Wrasse 100 In a spectacular career spanning more than 40 years, Ladysmith Black Mambazo have won the hearts of millions worldwide. Furthermore, a varied selection of international recording...
Transport Is off the Rails: It Is No Use Sitting on Valuable Natural Resources If You Cannot Get Them to Market Because of Transport Snags. Tom Nevin Tells the Story of How the Government and the Private Sector Got Together to Solve a Major Logistical Problem
The dream is when you have an unlimited resource and a big and hungry market willing to pay top dollar for it. The nightmare is when you can't get the goods to the market. [GRAPHIC OMITTED] That, in effect, is the scenario in South Africa as...
Turning Citizens into Stakeholders: A New Mutual Fund Has Been Created to Allow Ordinary Citizens to Buy Shares in the Country's Remaining Parastatals. Herald Tagama Reports from Dar Es Salaam
Tanzanians are being invited to invest their capital in a mutual fund to buy out the remaining large parastatals lined up for privatisation. The fund is called the National Investments Company (Nico). Nico chairman Felix Mosha says: "Nico is a means...
Women Honour Wade, Mbeki: African Women's Long Struggle to Achieve Gender Parity Will Come under the Spotlight This Month during One of the Continent's Most Important Awards Presentations. Anver Versi Reports
Presidents Aboulaye Wade of Senegal and Thabo Mbeki of South Africa will be the first recipients of the African Gender Award when the presentations are made in Dakar, Senegal, this month (May). The award--to an African leader who has demonstrated...
Zimbabwe Must Look Ahead
Zimbabwe observed its 25th independence anniversary last month but celebrations--apart from the state organised public rallies--were muted. The guest list was also much shorter than is normal on such occasions. Only those who have 'proved their loyalty'...