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©1981 CC Magazines Limited

London Office: PO Box 261,63 Long Acre, WC2E 9LR. Telephone: 01 -404 4333Cables: MACHRAK. LONDON WC2. Telex: London 8811757 US Office: I.C. Publications Ltd.. Room 1121,122 East 42nd Street, New York, N.Y.10168. Tel: (212) 8675159.___________________________________ 1CMagazines Ltd. are also publishers of: NewAfrican, The Middle East, Al-lktissad Al-Arabi, Middle East Travel, Middle East Transport, Gulf States Newsletter. Saudi Arabia Newsletter, Egypt North Africa Newsletter, Nigeria Newsletter, The Middle East Yearbook, New African Yearbook, Traveller's Guides to the Middle East and Africa, International Business Opportunities.

Group Publisher: Ahmed Afif Ben Yedder

Publisher: Aidan Flannery

Editor: Sean Moroney

Managing Editor: Alan Rake

Art Director: Ruth Shane

Editorial Assistants: Lesley Bonner, Katharine Butt CORRESPONDENTS Botswana: Jean Rowton, Cameroon: Bisong Etahoben, Francophone Africa: Mario Sampaio. Gambia: M. D. N'Jie. Ghana: Kwame Adjisam, Kumah Drah, Kenya: Leo OderaOmolo. Liberia: Bill Frank Enoanyi, Lamini Waritay, Mauritius: Teklall Gunesh, Nigeria: Peter Ajayi, Sylvester Osaji, Malawi: Robert Kalemba. Sudan: Alfred Taban. Swaziland: Norman Sowerby, Tanzania: Abdulla Suleiman, Uganda: Charles Harrison, Zambia: Sylvester Chiposa, Zimbabwe: Trevor Grundy. CONTRIBUTORS Guy Arnold, John Freivalds, Veronica Forrester, Tony Hawkins. Tony Hodges, Derek Ingram, Andrew Lycett, Roger Murray, Jimoh Omo-Fadaka, Shamlal Puri, Alan Urbach, Ruth Weiss. CIRCULATION Circulation Manager: Mike Cooper Promotions Manager: Helen Perry Sales/Administration: Maria Solieri Subscriptions: Lisa Blande ADVERTISING

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CONTENTS WHAT’S HAPPENING 4 News, analysis, comment on econom ic events

FEATURES 12 South A fr ic a ’s campaign against SADCC

16 The World Bank’s African policy 21 Nigeria f lie s a convenient flag

BUSINESS BRIEFS 23 Liberia: US stam p of approval

24 Senegal: Debt reshuffle 24 Uganda: Soviet debts 25 Sudan: Changes please IMF 26 Mozambique: Oil prospects look good

26 Kenya: Banking takeover bids 27 Senegal: River Organisation: Ambitious programme

27 Kenya: Handicrafts marketing

28 Kagera: Project go-ahead 28 Ghana: Empty fiscal package 29 Zaire: Inga-Shaba powerline fiasco

NIGERIA NOTES

30 State cut-backs; Capital base erosion; Accountancy standards 31 Are banks expanding in the right d irection? 32 Nigeria briefs

LABOUR 33 Asbestos: A fr ic a ’s deadly fibre 34 Metal Workers' A fric a campaign 35 Labour briefs

BOOKS 36 Migrant labour to South A frica; book briefs

BADEA SUPPLEMENT 39 Annual review of the A rab Bank for Development in Africa

COMPANY NEWS 49 British f irm s in Egypt and Nigeria, EDF Contracts 51 Anglo American and AMIC, Cons Gold and Newmont

52 A ir Zim babwe, Sorbaire, Nyanza Textile Industry 53 Usutu pulp mill 54 Nile Breweries, Company Briefs

COMMODITIES/NEW PRODUCTS 55 Namibian uranium for USSR, Enriched uranium for SA,

Copper gloom 56 Cocoa pact teeters, Sugar at sea 57 Year of paper pulper 58 Sudan textile woes 60 New Products

TELECOMMUNICATIONS SURVEY 61 A frica enters optical f ib res revolution 63 Satellite expansion 67 Broadcasting 69 Country reports: Zam b ia 71 East Africa

73 Kenya 75 ECOWAS, Ghana, Swaziland, Nigeria

76 PANAFTEL, Telecom s update

Phototypeset by RSB Typesetters, Springfield, Bagshot Road, Worplesdon, Surrey. Printed in Great Britain by Headley Brothers Limited. Ashford, Kent. Registered at the British Library: ISSN 01413929. African Business is distributed monthly to executives in government, business, and industry in Africa.

NEWS BRIEFS 79 News update, sector by sector

African Business January 1982 3