CONTENTS NEWSFLASH 5 News Highlights
H Q Zimbabwe’s
6 Afbiz Quiz
7 Psst 8 Agenda 9 South Africa Watchdog
FEATURE
12 Namibia unveils strategy to attract foreign investment
COUNTRY BRIEFINGS 19 Zimbabwe: Trade liberalisation gets off to a cautious start
* Finance Minister, Bernard Chidzero, has unveiled new trade-liberalisation measures. A scarcity of foreign exchange has meant a cautious start for the programme, however. IVAN FARAI reports from Harare.
20 Kenya: Keta relaunch signals still more export support 20 Ghana: “Susu companies" find it hard to meet strict regulations 21 Sierra Leone: Despite newly printed money, banks have no cash 22 Uganda: Export-diversification drive hits 21 bureaucratic snags 22 In brief: IMF shuts out Sudan as economic crisis worsens; Zambia sells shares in Tazara and other firms; Seychelles issues investment guide; Angola investment guide promises riches
______________FREIGHT SURVEY______________
23 Kenya: Local firms organise to pursue industrial interests
25 Zaire revamps road network in rural areas 26 Nigeria: Severe backlog hits Lagos under new restrictions
26 Zimbabwe plans new air terminal for Harare 28 Mozambique: Beira aims to boost its share of east coast traffic
31 Ghana: Pineapples become high fliers on the luxury market
31 UK firm boasts computerised airfreight tracking 33 Namibia: Fight goes on over rights to Walvis Bay
SECTOR BY SECTOR______________ 37 Agriculture: Ghana makes new moves to rescue cocoa industry
38 Kenyan pyrethrum growers get cash incentive
38 Aussie cotton growers advise Sudan
43 Banking & Finance: Competition comes to Tanzanian finance sector
45 Too much borrowing threatens Zambian banks
45 Ghanaian banks hope to reclaim bad debts 45 In brief: Angola devalues the new kwanza; Ghana trains bankers;
Kenya bank's shares issue is roaring success 46 Energy & Mining: Nigerian petrochemicals project suffers two-year delay 46 Australians find gold in Ghana 46 In brief: Sao Tomb e Principe hosts oil search; Nigeria revamps power plants; UK holds Zimbabwe seminars 47 Environment: World Bank turns green, but critics see red 49 World Bank annual report outlines action on the environment
50 Manufacturing & Technology: Kenya extends its telecommunications network 50 Zimbabwean company makes sparks fly 51 Togo seeks to transfer technology from Africa
52 Market Network: Greed turns to murder in Nigerian fake-drugs horror 53 Japan mounts bid to rescue Zambia's roads
BOOKS____________________ 54 African doctors write about Aids
O Our team of reporters scattered throughout Africa have compiled AB’s ever-popular FREIGHT SURVEY.
C O The latest J fake drugs have killed more than 100 Nigerian children. The con undermines the entire structure of the health sector and causes the legitimate pharmaceuticals sector to lose out. JATO THOMPSON in Lagos exposes the scandal.
Cover: Loading containers in Zambia; photograph courtesy of AMI.
African Business November 1990 3