Contents
AFRICA IN THE NEWS 5 Somalia's 21 -year regime faces final days 6 Cape Verde electorate vetoes one-party rule
6 Afbiz Quiz
7 Liberia rebels threaten united assault
7 Psst
8 IMF plans help for oil importers
8 Agenda 9 South Africa Watchdog
FEATURE 10 Opec aim s to su rv iv e G u lf C r is is 12 Forecasts p re d ic t o i l p r ice w i l l fa ll
COUNTRY BRIEFINGS 15 N igeria: Cautious budget seeks prudent use of resources
17 Zambia: Companies are caught in multiparty crossfire
18 Cameroon: Oil-price rise brings temporary reprieve
42 15 Cameroonian firms for privatisation 47 Mozambique: Chances of peace bring economic hope
KENYA SURVEY
23 Overview: Kenya faces up to old problems and new challenges
24 Kenya E conom ic Ind ica to rs 25 Banking: Bankers lose faith in confidence measures 27 In vestm ent: Will EPZ incentives really attract investors?
35 Environm ent: Planners take action 36 Kenyan families are getting smaller
37 Mombasa: Kenya’s second city is poised for investment boom
38 Port improvements are under way at Mombasa 39 Tourism : Rising costs hit profits, but tourists are still coming
40 A g r ic u ltu re : Coffee faces its darkest hour
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49 A g r ic u ltu re : Zambian incentives for barley growers 49 In b r ie f : Zimbabwe opts for indigenous trees; Ugandan horticultural farmers win grant; Mauritius land development
50 Banking & Finance: Namibia's investment code
51 Zambia wrestles with big money problems 51 Uganda at last approves its investment code 52 Energy & M in in g : US investors back Zimbabwe platinum
52 Zimbabwe electricity funds 52 New rutile mine for Sierra Leone 53 Swaziland asbestos mine wins another reprieve
53 Chad will tap its own oil reserves 54 Environm ent: Uganda's valuable butterflies
54 Cameroon protects birds 55 Tanzania sets up Environment Ministry
55 Zambia acts on industrial pollution
56 Manufacturing & Technology: Tanzanian banks computerise
57 Cameroonian produces tropicalised microcomputers 57 Market Network: Africa loses as Gatt talks drag on 59 T ransport & C omm unication s : Airlines threaten boycott over
Zambian aviation-fuel ruling 60 Zimbabwe opts for British trucks
BOOKS
62 Poverty and the Planet and Namibia Women in War
Cover Photo: N a iro b i c ity c en tre ; ph o to g ra p h by L. Van Buren
T he Gulf Crisis has widened the gap between the fortunes of oil importers and oil exporters in Africa, But those who are laughing now may not be laughing later this year. NNAMDIANYADIKE forecasts prices. Page 10
N igeria’s 1991 budget,
presented on New Year’s Day, was formulated at a time of mixed oil-price signals. PINI JASON in Lagos offers a detailed analysis of both spending and revenue projections. Page 15
T his year’s KENYA SURVEY comes at a time when the Kenyan economy is at a turning point. ABs team of correspondents in Nairobi looks at the decisions facing the country’s economic managers and at what the future holds for East Africa’s most dynamic market. Page 21
African Business February 1991 3