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 Vol. 0, No. 345, August-September

Africa Holds Its Breath: The Memorandum of Understanding Signed by Zimbabwe's Three Feuding Parties Is a Last Ditch Effort to Pull the Country out of Its Political, Social and Economic Quagmire. but Africa Must Hold Its Breath until the Secret Negotiations Are Concluded
Robert Mugabe, Morgan Tsvangirai and Arthur Mutambara cooled their heels for two weeks after the 21 June signing of a Memorandum of Understanding as a tentative first step to digging themselves out of the Zimbabwe quagmire. [ILLUSTRATION OMITTED]...
A Life without Fear Is Priority; Burundi's Next Elections Are Still Two Years Away but New Presidential Hopefuls Are Already Attempting to Make Their Mark on Both the Domestic and Foreign Realms. Tom Nevin Met One Such-Alexis Sinduhije, Who Was a Radio Broadcaster before Entering Politics
"When I ask the ordinary people of Burundi who come to my political rallies what they most want in their lives in Burundi to day, they tell me 'To live without fear,'" says Alexis Sinduhije, leader of the recently formed Movement for Security and Democracy...
Amharic Hits; Ethiopia's Beats
A Town called Addis By Dub Collossus Real World Cat: CDRW155 Direct from Addis Ababa, this album is the result of a project that pulls together an extraordinary but little known African musical heritage, a labour of love recording in a...
A Who's Who of the African Business World: The First CBC-African Business Awards Ceremony, Held in London in July Attracted over 450 Participants from All over the World. It Is Now Likely to Become One of the Major London-Based African Calendar Events in the Future
The first ever CBC--African Business Awards, held at the Grosvenor House Hotel in London's fashionable West End, attracted a veritable Who's Who of the African business world. Over 450 invitees poured in from practically every country in Africa and...
Boom Time for Tobacco Sales? despite the Anti-Smoking Lobby, Championed by the World Health Organisation, That Has Threatened the Future of the Tobacco Industry in Many African Countries, for the Past Two-Years Malawi Has Experienced a Boom in Tobacco Sales
Last year's tobacco selling season, for the first time in seven years, saw the commodity fetch good prices on Malawi's auction floors. At the start of the 2007 selling season in April the average price of tobacco ranged from $1.40 to $1.70/kg with...
Can Africa Calm Market Fears? African Oil Is Assuming Greater Global Strategic Influence Almost by the Week. It Is Cheaper to Extract, Better in Quality, Nearer to Its Markets and There Is More of It Than Oil from Other Regions. Can Africa Bring Some Stability to a Volatile Global Market?
Oil appears to have reached an endgame of sorts with prices remaining high, despite one or two false dips in July. It is certain that demand will remain unabated, but can Africa increase its output to shore up an increasingly meagre world oil supply?...
Chinese Are Now Black-Official; Far from Calming South Africa's Historically Choppy Racial Waters, the Decision to Officially Declare South Africa's Chinese as Black Has Caused a New Tempest
Chinese South Africans at last know where in the Rainbow Nation they belong. After years on a Chinese checkers board, being shunted from the black squares to the white and black squares to the white and back again, they finally have a legal colour...
Developing Capabilities and Capacities in African LDCs: A Strategy of Accessing International Knowledge Pools and Pursuing Deep and Rapid Trade and Investment Liberalisation Will Only Suceed If Africa Makes Technical Progress, an Important Report States
Technology is transforming the lives of millions of African entrepreneurs and citizens, opening up new markets and opportunities for industries and money transfers. Sustained economic growth and poverty eradication in the least developed countries...
East Africa: Safaricom Sale a Success
The biggest development in the East African telecoms sector this year has been the IPO of a 25% stake in Safaricom by the Kenyan government. The listing was hugely popular and more than 400% oversubscribed. It has been reported that over 800,000...
Ethiopia Blazes Branding Trail; at Long Last, Ethiopia, Which Produces Some of the World's Finest Coffee Varieties Has Taken a Leaf from the Western Marketing and Branding Manual and Decided to Trademark Its Unique Coffee Crop, Thus Earning Much Higher Retail Prices
An exhibition of photographs--mounted in London by one of the UK's top brand architects, Brandhouse--depicting life in Ethiopia marked the completion of one of the most significant trade marking exercises for an African commodity. [ILLUSTRATION...
Greedy Banks under the Spotlight; an Official Enquiry into Bank Fees Finds South African Banks Cream More off the Top Than Banks Anywhere Else in the World. Is This Why They Are the World's Most Profitable?
South Africans have long been victim to high prices for food and other consumer goods and services-and the reason has little to do with the latest round of global price hikes. As a flood of evidence is now showing--thanks to a terrier-like investigation...
How Mugabe Split the Continent: How Much Did the Hostile Reception He Faced from Other African Leaders at the African Union Summit in Cairo Persuade Robert Mugabe to Seek a Negotiated Settlement? Can He Continue to Split the Continent as a Power-Sharing Deal Is Being Thrashed Out?
While an unprecedented number of Africa's leaders bristled with indignation as Robert Mugabe, having 'won' an uncontested election took his place at the African Union Summit in Egypt last month, President Mugabe handed down a challenge of biblical...
Identify the Core of Your Business
While I was attending the annual African Banking Congress in Johannesburg, I had the good fortune of being able to participate in a master class on aspects of management. The master class consisted of a lecture and interactive simulations in which...
Liquidity Glut Wreaks Price Havoc: Nigeria, like Other African Countries, Has to Balance Rising Inflation with Higher Interest Rates and It Would like to Be Able to Do So without Causing Additional Hardship to Those on Low Incomes
As attractive as the Nigerian business environment is said to be, a major disincentive is the rather high cost of doing business. A combination of factors such as poor infrastructure, high overheads, the cost of finance and uncertainty about inflationary...
Nigeria Now Africa's Biggest Market
Moving to the next stage The extraordinary growth in the number of mobile subscribers in Africa shows no signs of slowing down--if anything, as the recent flurry of mergers and acquisitions indicates, competition among telecoms, companies, including...
Price Boom a Blessing and a Challenge: The Prices That Africa's Commodities Fetch in the World Market Have Never Been Higher. Ironically, Production Problems, for Example Power Shortages in South Africa, Have Served to Raise Prices Even Further. the Question Is, How Can Africa Best Employ This Commodity Windfall?
Wherever one looks in Africa there is increasing prosperity from commodity prices--and the best may be yet to come. The benchmark commodities index--the Jefferies-Reuters CRB spot index--had reached a record high at the end of last June. The index...
S. Africa Shudders at Fifa's 'Plan B'; Fifa's Admission That It Has a 'Plan B' to Stage the Soccer World Cup Elsewhere If South Africa Is Not Ready in Time Has Sent Shockwaves throughout the Country-And Zimbabwe Is Becoming the Spider on 2010's Shoulder
A series of worrying events have jolted South Africa's confidence for a slick and trouble-free soccer World Cup in under two years' time. Fifa's admission that the football world body does indeed have a 'Plan B' to switch the Cup away from South Africa...
Southern Africa: MTN's Fate in the Balanc
A proposed merger between Bharti Airtel and South Africa's MTN collapsed in May, apparently because of the Indian firm's view that it would be taking over the latter. This was followed by an approach to MTN by another Indian firm, Reliance Communications,...
The Future Is Green: The Island Nation of Mauritius Has Decided to Go Green in a Big Way. the Last Budget Contains Measures Which, If Fully Implemented Will Dramatically Reduce the Use of Fossil Fuels and Cut Back on Carbon Emissions
Mauritius, which should win every award going for innovation in the face of adversity, has embarked seriously on a programme of 'going green'. Finance Minister Rama Sithanen announced several measures in his June budget that will set the island nation...
Zimbabwe Last Chance Saloon
Was it Thabo Mbeki's 'quiet diplomacy' finally bearing fruit; or the harsh words from some of Africa's most powerful political leaders; or threats from the Eu or the printing of a Z$100bn banknote or indeed the country running out of paper on which...