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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 20 7841 3211 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 GroupPublisher Afif Ben Yedder Directeur de la publication Editor Anver Versi ArtDirector Jason Venkatasamy Asociate Editors Tom Nevin Stéphane Vigouroux Gérard Choisnet Ridha Kefi Hichem Ben Yaiche Fériel Berraies Guigny Corespondentat-large Stephen Williams Editorial Asistant Carole Lambert Corespondents in Africa Barnabas Thondlana Leo Odera Omolo Blamuel Njururi Herald Tagama Pini Jason John Ansah Derek Otieno Chris Ndivanga Masupu Rakabane Special Corespondents Moin Siddiqi Dr Karamo Sonko Neil Ford Pini Jason Eluem Izezi Subscriptions: IC Publications PO Box 2068 Bushy, Herts, WD23 3ZF Telephone: +44 20 8950 9117 Fax: +44 20 8421 8155 See page 50 for subscription offer detailsPublisher Omar Ben Yedder DevelopmentDirector Patricia Bonnin Group SalesDirector Leila Ben Hassen Advertising Sales Directors Saliba Manneh Nick Rosefield Medrine Chitty Arthur Jones Tibor Fuchsel Elisée Marie Ndiana Matthew GhanaOfice: Nana Asiamah Bekoe KwabuSekyere Enterprise Tel: +233 21 258058 Mobile: +233 20 815 3431, +233 244 788 450 GHANA – SPECIAL PROJECTS Silvia Salvetti Tel: +233 24 910 5995

SENEGALOFFICE Nathalie Desanti-Tounkara Mobile: +22176 51 51265 MARKETING & Distribution Malek Bey Santosh Jairajh IC EVENTS EVENTSDIRECTOR Richard Oban DEVELOPMENT Manager Anna Rosenberg Production Manager Michael Messam Printers Headley Brothers Ltd, The Invicta Press, Queens Road, Ashford, Kent TN24 8HH All pictures AFP unless indicated. Registered with the British Library. ISSN 0141-3929 ©2010 IC Publications Ltd

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N° DE COMMISSION PARITAIRE 0310 K 89343 Mensuel: Février 2010 Dépôt légal


African Business February 2010

12 Cover Story Back to the Motherland

30 Mining Report Demand restarts investment

Editorial 11

Stiglitz on moral depravity

Cover story Back to the Motherland 12

Africa’s diaspora professionals return home 18

Passion is the key

Cityview 20

Africa’s business climate improving

Energy 22

South Africa’s electric roundabout

Management 26

Africa’s top business schools thriving

Special Report Mining 30

Asian demand restarts investment scramble 34

South Africa’s mine nationalisation jitters

22 Energy S Africa’s electric roundabout


Mali’s golden touch 42

Copper boosts Zambia growth rates 44

Uranium set to soar

2010 World Cup Watch 46

Heed Mr Micawber’s dictum

Agriculture 51

Malawi’s maize miracle

Spotlight 52

Lake Kivu a solution – not a threat

Health 54

Nigeria: world-quality healthcare

Country Files 56

S Africa: Inflation targeting hammered 58

Nigeria: Manufacturers under the cosh 60

Uganda: Tullow, ENI lock horns over oil

Reviews Books/Music 64

EngineeringisDevelopment 66

Tuareg blues