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ContentsMAY2012ISUEN°386WWW.AFRICASIA.COM

16 Special Report Agriculture Dawn of the age of machines

Editorial 13 Singapore – a modern miracle

Cover Story 14 World Economic Forum – transforming a continent 18 WEF – what it is and what it does 22 WEF – behind the scenes

Special Report: Agriculture 28 Dawn of the age of machines? 29 The rising cost of food 32 Commercialisation is the key 36 The mechanisation of agribusiness

Investigative Report: Piracy 42 Pirates’ deadly grip on Africa Benin reels under piracy assault 46 Mad money rules Mogadishu

Special Report: Namibia 48 Orchid in the sand

Commodities 54 China slowdown depresses prices

International 56 South Africa ponders cost of Iran sanctions

Countryfiles 60 Nigeria: Jonathan’s one-year report card 64 Ethiopia: Turning stones into jewels 66 Kenya: Oil strike sets off prospecting stampede

Reviews Book/Music 72 TheHedgeFundMirage 74 TheBaribaSound etters to the Editor YourviewsonAfricaandmattersaffectingAfricaareveryimportanttous.Weencourageyouto sharethemwiththethousandsofourreadersinAfricaandallovertheworld.Youcanwritetothe Editor,attheaddressonourmasthead,emaileditorial@africasia.com,orhaveyoursayonTwitter @AfricanBizMagoronourFacebookpage–AfricanBusinessMagazine.