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United Kingdom IC Publications 7 Coldbath Square London EC1R 4LQ Tel: +44 20 7841 3210 Fax: Admin +44 20 7713 7898 Editorial: +44 20 7841 3211 icpubs@africasia.com www.africanbusinessmagazine.com

France IC Publications 609 Bat A 77 rue Bayen 75017 Paris Tel: +33 1 44 30 81 00 Fax: +33 1 44 30 81 11 info@icpublications.com www.icpublications.com founder Afif Ben Yedder Editor Anver Versi a.versi@africasia.com Art Director Jason Venkatasamy jason@africasia.com STRATEGIC Director Christian Udechukwu ASISTANT EDITOR Alexa Dalby Associate Editors Tom Nevin Gerard Choisnet Ridha Kefi Hichem Ben Yaïche CorrespondentAT-large Stephen Williams Editorial Assistant Carole Lambert Correspondents IN AFRICA Barnabas Thondlana Lee Odera Omolo Blamuel Njururi Herald Tagama John Amah Derek Otieno Chris Ndivanga Masupu Rakabane SPECIAL Correspondents Moin Siddiqi Dr Karamo Sonko Neil Ford Eluem Izezi Subscriptions IC Publications PO Box 2068 Bushey, Herts, WD23 3Z Telephone: +44 20 8950 9117 Fax: +44 20 8421 8155 icpublications@alliancemedia.co.ukw www.africanbusinessmagazine.com/main-articles/subs group Publisher Omar Ben Yedder o.benyedder@africasia.com GENERAL MANAGER Leila Ben Hassen l.benhassen@africasia.com Development Director Patricia Bonnin p.bonnin@ icpublications.com Group Sales Director Tibor Fuchsel advertising@africasia.com SENIOR PROJECT MANAGER Darren Moore d.moore@africasia.com Advertising Sales Directors Medrine Chitty Elisée Marie Nick Rosefield SENIOR SALES EXECUTIVe Nadia Osho-Williams CLASIFIED ADS classified@africasia.com Distribution icpubs@africasia.com Production Manager Sandra Segade-Hermida Ghana –DISTRIBUTION Nana Asiamah Bekoe Tel: +233 21 258058 kwabusek@gmail.com GHANA – SPECIAl PROJECTS AND advertising Silvia Salvetti Tel: +233 24 910 5995 top@topreports.org SENEGAL Nathalie Desanti-Tounkara n.desanti@africasia.com Mobile: +22176 51 51265 NORTH AFRICA Néjib Ben Yedder n.benyedder@africasia.com ICEVENTS icpubs@africasia.com Printers Headley Brothers Ltd The Invicta Press Queens Road, Ashford Kent, TN24 8HH All pictures AFP unless indicated. Registered with the British Library. ISSN 0142-9345 ©2012 IC Publications Ltd N° DE COMMISSION PARITAIRE 0213 K 89410 Mensuel: Août 2012 Dépôt légal

Contents AUGUST/SEPTEMBER 2012 ISUE N° 389 WWW.AFRICASIA.COM

18 Cover Story Africa gets fit for better business

Editorial 17 Multinationals steal $50bn per year from Africa Cover Story 19 Africa gets fit for better business

Guest column 30 Charles Stith:

For Africa, energy is destiny

Special Report: Food and Beverages 34 The African food and beverages industry 35 The shopping revolution 38 Major brands in Africa 44 The supermarket boom

Interview: James Mwangi 46 A life stranger than fiction

Mining 52 The killing of S Africa’s golden goose?

Entrepreneurship 56 Ethiopia’s female business champions

Infrastructure 60 Less talk, more action on PPP

Guest column 62Said Adejumobi: Seychelles, small but perfectly formed

Countryfiles 66 Nigeria: When the hunter becomes the hunted 70 S Sudan: Looming spectre of the Four Horsemen 72 S Africa: Durban’s big dig 74 Kenya: Excessive red tape compounds economic malaise 76 Ghana: Ghana after John Atta Mills

Reviews Books/Music 80Book: Coltan 82 Music: BenZabo