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Contents

March 2008

14 Cover Story Africa’s Investment Boom

30 Energy Gazprom for Nigeria?

Member of The Audit Bureau of Circulations.

N° DE COMMISSION PARITAIRE EN COURS Mars 2008 Déépôôt léégal

N0 DE COMMISSION PARITAIRE EN COURS

40 Commodities Softs remain firm

ISSUE 340 WWW.AFRICASIA.COM

Editorial 13 The power of feeling good

Cover story Africa’s Investment Boom 14 Rising tide of FDI reaches Africa 16 South-south trade fuels investment growth 17 South Africa is biggest investor in Africa 18 The trade-offs 20 The Asia connection 24 The Chinese new wave 26 S Africa joins elite FDI destinations

Energy 30 Gazprom for Nigeria?

Mining 35 Coal is back 37 Black firms go into manganese

Commodities 40 Softs remain firm

Special Report Aviation in Africa 44 Change is in the Air 46 Interview: AFRAA’s Christian Folli-Kossi 48 Reality check for African airlines 50 Africa’s low-cost airlines

2010 World Cup Watch 52 Bafana Bafana deepen gloom

Investment 54 Mittal wrapping up Africa

Countryfiles 56 Kenya: Cautious optimism 58 Small earners face the brunt 62 Nigeria: Delta aims for industrial power 64 S Africa: Power cuts hit crisis point 66 Sierra Leone: Timber exports banned 67 East Africa: Concerns over Chinese logging

Reviews Book/Music 64 The Wizard of the Nile 66 Think of One