United Kingdom IC Publications 7 Coldbath Square London EC1R 4LQ Tel: +44 20 7841 3210 Fax: Admin +44 20 7713 7898 Editorial: +44 20 7841 3211 icpubs@africasia.com www.africanbusinessmagazine.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 founder Afif Ben Yedder Editor Anver Versi a.versi@africasia.com Art Director Jason Venkatasamy jason@africasia.com STRATEGIC Director Christian Udechukwu ASISTANT EDITOR Alexa Dalby Associate Editors Tom Nevin Gerard Choisnet Ridha Kefi Hichem Ben Yaïche CorrespondentAT-large Stephen Williams Editorial Assistant Carole Lambert Correspondents IN AFRICA Barnabas Thondlana Lee Odera Omolo Blamuel Njururi Herald Tagama John Amah Derek Otieno Chris Ndivanga Masupu Rakabane SPECIAL Correspondents Moin Siddiqi Dr Karamo Sonko Neil Ford Eluem Izezi Subscriptions IC Publications PO Box 2068 Bushey, Herts, WD23 3Z Telephone: +44 20 8950 9117 Fax: +44 20 8421 8155 icpublications@alliancemedia.co.ukw www.africanbusinessmagazine.com/main-articles/subs group Publisher Omar Ben Yedder o.benyedder@africasia.com GENERAL MANAGER Leila Ben Hassen l.benhassen@africasia.com Development Director Patricia Bonnin p.bonnin@ icpublications.com Group Sales Director Tibor Fuchsel advertising@africasia.com SENIOR PROJECT MANAGER Darren Moore d.moore@africasia.com Advertising Sales Directors Medrine Chitty Elisée Marie Nick Rosefield SENIOR SALES EXECUTIVe Nadia Osho-Williams CLASIFIED ADS classified@africasia.com Distribution icpubs@africasia.com Production Manager Sandra Segade-Hermida Ghana –DISTRIBUTION Nana Asiamah Bekoe Tel: +233 21 258058 kwabusek@gmail.com GHANA – SPECIAl PROJECTS AND advertising Silvia Salvetti Tel: +233 24 910 5995 top@topreports.org SENEGAL Nathalie Desanti-Tounkara n.desanti@africasia.com Mobile: +22176 51 51265 NORTH AFRICA Néjib Ben Yedder n.benyedder@africasia.com ICEVENTS icpubs@africasia.com Printers Headley Brothers Ltd The Invicta Press Queens Road, Ashford Kent, TN24 8HH All pictures AFP unless indicated. Registered with the British Library. ISSN 0142-9345 ©2012 IC Publications Ltd N° DE COMMISSION PARITAIRE 0213 K 89410 Mensuel: Octobre 2012 Dépôt légal
Contents OCTOBER 2012 ISUE N° 390 WWW.AFRICASIA.COM
18 Cover Story Africa’s Top 100 Banks
Editorial 17 Unleashing the African media Cover Story 18 Africa’s top 100 anks annual rankings 19 Medium banks challenge S African dominance 24 Top 100 table Region by region rankings 26 North Africa: Uncertainty takes toll 30 West Africa: Untapped potential 34 East Africa: Fastest growth rates 38 Southern Africa: Dominance threatened
Microfinance 42Microfinance comes of age Special Report: Agriculture 47 The Green Revolution 48 Interview: Jane Karuku 50 The revolution has started 54 Reaching the goal
Leisure 62 Sports industry: Going for gold
Guest Column 66 What is innovation?
Manufacturing 68 Is Africa’s auto industry stuck?
Africa & the World 72 Germany plays catch-up in Africa
Trade 76 Textiles threatened by Agoa end Finance 80 Nigeria – note of contention
Commodities 82 Africa – fastest-growing gold region Countryfiles 84 S Africa: Bracing for discontent 86 Nigeria: Exit of electricity crusader 90 Kenya: Breaking traffic shackles 92 Malawi: Who owns Lake Malawi? Reviews Books/Music 96Book: RestlessNation 98 Music: Tientalaw
