Africans investing in Africa
• Lagos Maximum City • African Union Candidate games • Agribiz Tiger Brands loses its stripes
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Africans investing in Africa
• African Union Candidates play games • Ghana/Côte d’Ivoire Growth engines • Agribiz Tiger Brands loses its stripes
Africans investing in Africa
N ° 7 8 • M A R C H 2 0 16
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• Ghana/Côte d’Ivoire Growth engines • Lagos Maximum City • African Union Candidate games
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w w w.the a f ric arepor t.com THE AFRICA REPORT
INFRASTRUCTURE
The CEOs
contents
OUTLOOK is a supplement to THE AFRICA REPORT N°78
OUTLOOK |
FINANCE
|
PEOPLE
|
INVESTMENT
|
TELECOMS
|
ENERGY
who bring it home Think global, invest local: backing continental projects
LAGOS
cover crediTs: GhAnA ediTion: c. peTiT Tesson/mAXppp; f. KoKoroKo for TAr - niGeriA ediTion: eKo ATlAnTic - inTernATionAl ediTion: m. rhodes/GAllo imAGes/GeTTy imAGes; ATTijAriWAfA; G. AlAndry documenToGrAphy for jA; n. KhAmis/reuTers
Maximum City Old families fight for new property in the battle to control Nigeria’s economic heart
GROUPE JEUNE AFRIQUE
GROUPE JEUNE AFRIQUE
MONTHLY • N° 78 • MARCH 2016
Engines of growth
Cross-border cooperation is the key to energising West Africa’s economy
Kenya
From left to right: Gavin Dalgleish, MD of SA agribusiness ILLOVO Ismaïl Douiri, Co-CEO ATTIJARIWAFA Bank Ade Ayeyemi, Group CEO ECOBANK Tabitha Karanja, Kenyan CEO of Keroche Breweries
GROUPE JEUNE AFRIQUE
GHANA EDITION
NIGERIA EDITION
INTERNATIONAL EDITION
Algeria 550 DA • Angola 600 Kwanza • Austria 4.90 € • Belgium 4.90 € • Canada 6.95 CAN$ • Denmark 60 DK • Ethiopia 75 Birr • France 4.90 € Germany 4.90 € • Ghana 8 GH¢ • Italy 4.90 € • Kenya 410 shillings • Liberia $LD 300 • Morocco 40 DH • Netherlands 4.90 € • Nigeria 600 naira Norway 60 NK •Portugal 4.90 € • Sierra Leone LE 12,000 • South Africa 35 rand (tax incl.) • Spain 4.90 € • Switzerland 9.90 FS • Tanzania 9,000 shillings Tunisia 5.4 DT • Uganda 9,000 shillings • UK £ 4.50 • United States US$ 6.95 • Zambia 30 ZMW • Zimbabwe US$ 4 • CFA Countries 3,000 F CFA
Algeria 550 DA • Angola 600 Kwanza • Austria 4.90 € • Belgium 4.90 € • Canada 6.95 CAN$ • Denmark 60 DK • Ethiopia 75 Birr • France 4.90 € Germany 4.90 € • Ghana 8 GH¢ • Italy 4.90 € • Kenya 410 shillings • Liberia $LD 300 • Morocco 40 DH • Netherlands 4.90 € • Nigeria 600 naira Norway 60 NK • Portugal 4.90 € • Sierra Leone LE 12,000 • South Africa 35 rand (tax incl.) • Spain 4.90 € • Switzerland 9.90 FS • Tanzania 9,000 shillings Tunisia 5.4 DT • Uganda 9,000 shillings • UK £ 4.50 • United States US$ 6.95 • Zambia 30 ZMW • Zimbabwe US$ 4 • CFA Countries 3,000 F CFA
Algeria 550 DA • Angola 600 Kwanza • Austria 4.90 € • Belgium 4.90 € • Canada 6.95 CAN$ • Denmark 60 DK • Ethiopia 75 Birr • France 4.90 € Germany 4.90 € • Ghana 8 GH¢ • Italy 4.90 € • Kenya 410 shillings • Liberia $LD 300 • Morocco 40 DH • Netherlands 4.90 € • Nigeria 600 naira Norway 60 NK • Portugal 4.90 € • Sierra Leone LE 12,000 • South Africa 35 rand (tax incl.) • Spain 4.90 € • Switzerland 9.90 FS • Tanzania 9,000 shillings Tunisia 5.4 DT • Uganda 9,000 shillings • UK £ 4.50 • United States US$ 6.95 • Zambia 30 ZMW • Zimbabwe US$ 4 • CFA Countries 3,000 F CFA
Linking Asian investors with African markets
The AfricA reporT # 78 - mArch 2016
FACUNDO ARRIZABALAGA /MAXPPP
GHANA-CÔTE D’IVOIRE
Not to be sold separately
FREE with this issue: an ouTlooK supplement on Kenya. not to be sold separately.
Business
4 Editorial The price of politics
68 cEo forum Africans investing in Africa Amid tough economic realities, The Africa Report talks to the continent’s business champions about strategies for success
6 lEttErs 8 thE QuEstion
Briefing 10 signposts
72 timbEr Guns, bribes and chainsaws
20
12 intErnational 14 pEoplE 16 opinion Chester Missing
76 mEdia Netflix doesn’t hold all the aces
18 calEndar
28
frontLine 20 lagos Maximum City Nigeria’s economic capital is expanding at breakneck speed. Is it just benefiting the top tier?
86 brEwing Beer maintains its head start 88 El niño Farmers warned the worst is yet to come
34 burkina faso Jostled priorities
Art & Life
47
90 urban living Streets ahead Africa’s burgeoning cities are driving out community spaces, but the fightback has begun
43 zambia A time for alliances
94 briEfs Artist Michael Soi
43 Ethiopia Drought and doubt
96 travEl Surf’s up
44 anansi
97 lifEstylE Twitter trends and songwriter Nakhane Touré
country focus 47 ghana & côtE d’ivoirE A new wager Regional integration and cooperation define relations between these West African neighbours and economic powerhouses the africa report
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n ° 78
80 hannibal
82 agribusinEss Tiger loses its stripes After troubled ventures in Kenya and Nigeria Tiger Brands seeks a new direction
28 african union All about number one AU chair Nkosazana DlaminiZuma will have to make up her mind on whether to stay or to go
42 nigEria Battling insurgents and markets
80 financE Barclays may want out of Africa
dossiEr
poLitics
36 intErviEw Ghana’s President John Dramani Mahama
78 lEadErs Runa Alam, CEO of DPI
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m a r c h 2 016
68
98 day in thE lifE Senegalese ornithologist Moussa Ka
This issue carries an insert between pages 34-35 for selected countries
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