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 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 Group Publisher Afif Ben Yedder Directeur de la publication Editor Anver Versi a.versi@africasia.com Art Director Jason Venkatasamy jason@africasia.com 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 icpublications@alliancemedia.com www.africasia.com/subs See page 51 for subscription offer details

Publisher Omar Ben Yedder o.benyedder@africasia.com Development Director Patricia Bonnin Group Sales Director Leila Ben Hassen l.benhassen@africasia.com 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 nanakwabu@yahoo.com GHANA – SPECIAL PROJECTS Silvia Salvetti Tel: +233 24 910 5995 top@topreports.org

SENEGAL OFFICE Nathalie Desanti-Tounkara n.desanti@africasia.com Mobile: +22176 51 51265 MARKETING & Distribution Malek Bey Santosh Jairajh IC EVENTS EVENTS DIRECTOR 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

Member of The Audit Bureau of Circulations

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

Contents

African Business June 2010

12 Cover Story Africa Progress Panel Report

26 Event World Economic Forum 2010

Editorial 9 Unwelcome portrayal of Lagos

Cover Story Is Africa Progressing? 12 The Africa Progress Panel Report 14 Panel members 16 Economic overview 20 Six priority areas

Cityview 22 Should South Africa bid for the Olympics?

Focus 24 Angola – Africa’s new investment magnet

Event World Economic Forum in Dar es Salaam 26 Tanzania hosts ‘best ever’ Forum

Special Focus South Africa 34 The 2010 World Cup legacy 39 Durban’s King Shaka airport 40 South Africa’s northern invasion

34 Special Focus South Africa The 2010 World Cup legacy

World Cup Watch 46 Starting whistle for greatest ever World Cup?

Commodities 48 Cocoa prices continue to soar 50 Diamonds regain sparkle

Construction 52 New Lagos rises from the sea

Special Report Africa’s Business Schools 58 Africa’s executive factories 62 Business is a contact sport

Country Files 66 South Africa: Anger mounts over land ownership 68 East Africa: Exports buried in volcanic ash

Reviews Books/Music 72 ThePlunderedPlanet 74 Fela Kuti