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Kenya is the world’s largest tea exporter

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N° DE COMMISSION PARITAIRE 0315 K 89343 Mensuel: Juin 2011 Dépôt légal

African Business June 2011 Issue N˚376 Contents

14 Cover Story Nigeria under Goodluck Jonathan

48 S potlight Pirates cost global economy billions

50 Special Report Energy A frica joins energy revolution

Editorial 12 Who should lead the IMF?

Cover S tory 14 Nigeria under Goodluck Jonathan 16 A man of the people 22 Living up to his name 26 Jonathan’s energy pledge 30 Mining: Waking a sleeping giant 32 Interview: Oando’s Wale Tinubu

BRICS 37 What membership means to Africa

Cityview 40 Africa: A compelling investment case

Topic 44 To privatise or not?

Commodities 46 Coffee price hits 34-year high

Spotlight 48 Pirates cost global economy billions

Special R eport Energy 50 Africa joins energy revolution 56 Ethiopia’s leads African hydro renaissance 60 More success for Tullow’s twins 62 Thermal to replace diesel?

Countryfiles 64 East Africa: An EA shilling by next year? 66 Swaziland: Kingdom under siege 68 Southern Africa: The golden conundrum

Book R eview 72 SuperCooperators