Full refund within 30 days if you're not completely satisfied.
Page text
AfricAnsAve BAnKerthe AwArdsdAte 30 mAy 2012 ArushA tAnzAniA
Official Patron African Development Bank
AfricAn BAnKer AwArds 2012
For more information www.africanbankerawards.com awards@ic-events.net +44 (0) 207 841 3210
Platinum Sponsor
Silver Sponsor
Sponsor
Organisers
Partner 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.africasia.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 Associate Editors Tom Nevin Gerard Choisnet Ridha Kefi Hichem Ben Yaïche Alexa Dalby 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.africasia.com/subs See page 59 for subscription offer details.
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 Ndiana Matthew Nick Rosefield Majda Laalej SENIOR SALES EXECUTIVe Nadia Osho-Williams CLASIFIED ADS classified@africasia.com Distribution William Pearson 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: Février 2012 Dépôt légal
ContentsFEBUARY2012ISSUEN°382WWW.AFRICASIA.COM
16 Cover Story Is Africa’s flower industry losing its bloom?
Editorial 13 Europe’s pain hurts Africa
Cover Story 14 Is Africa’s flower industry losing its bloom? 16 Important players in Africa 18 The floriculture process
View from the City 22 Can the CFA weather the storm?
Currency 24 A brief history of the CFA franc
Special Report 28Mining Africa – new Mecca for investors 30 Brave New World in 2012 36 Runners and Riders 38 Coal – excellent prospects 40 Namibia – diamonds bounce back 42 South Africa feels Europe’s pain 43 Guest column: Resource nationalism should unite, not divide
Aviation 46 Will first made-in-Africa plane boost defence industry?
Black Entrepreneurs 52 History of success for African entrepreneurs in Britain
Special Report 56 Infrastructure
Focus shifts to holistic approach 58 New cities – integration or isolation? 60 West Africa – ports battle for dominance 62 East Africa – integration driving boom 63 Southern Africa – learning from errors
Technology 64 Amharic mobiles – made in Ethiopia
Countryfiles 66 Zambia: New beginnings 68 Nigeria: Uneasy truce over fuel imbroglio 70 S Africa: ANC centenary evaluated 72 Kenya: Lamu – back to the future 74 Malawi: Mutharika defies IMF 76 Mauritius: Industry Observatory gets mixed welcome
Reviews Book/Music 80 TreasureIslands 82 Thiossane