Contents

A FR IC A IN TH E NEWS 4 Central African Republic releases Bokassa

4 Mauritius water-supply funding 5 Mandela woos foreign investors

6 Agenda

7 Somali warlord’s son in US Marine Corps

7 P s s t . . . 9 Afbiz Quiz

FEATURES

1 0 A f r i c a n - E u r o p e a n r e la t io n s : L o m 6 n e g o t ia t io n s 1 2 J a p a n e s e c o m p a n ie s s h o u ld in v e s t m o r e in A f r ic a mmm

Ne ls on M andela has made it pe rfe c t ly c le a r: not on ly is it now acceptable to th e ANC fo r fo re ig n com pan ie s to in vest in South A fr ica , but th e y are ac tiv e ly being urged to do so. W ill in vesto rs now com e rushing in? Page 5

I

CO UNTRY BR IE F IN G S

1 3 Z a m b ia : Row over proposed Batoka Dam 14 E th io p ia : Economic reform plan is working 14 Sasakawa Global 2000 project in Ethiopia

1 6 R w a n d a : Coffee loses its appeal

17 Fear of malaria in Rwanda 1 7 S u d a n : Government intervention grows

18 IMF suspends Sudan's voting rights 18 Sudanese government prints tw ice as much money

1 9 Z im b a b w e : Stock exchange is bullish

21 S ie r r a L e o n e : Reforms bite hard

FR E IG H T SURVEY

2 3 C o v e r

2 4 F o rw a r d in g : LCL service fo r small-scale shipments

2 5 E n g in e s : Swedish f irm ’s new marine engines

26 A i r c r a f t : New cargo je t 26 L iv e F r e ig h t : Zambia bans monkey flights 2 8 T r a n s -A t la n t ic C a rg o : Expanding US links 2 8 S o u th A f r ic a : Forwarding services and added a irfre ight capacity

2 9 S e a F r e ig h t : New container vessel fo r West Africa

SECTOR BY SECTOR 3 0 A g r ic u l tu r e : Fresh-fruit market 3 0 Product boosts efficiency of hoppers 31 B a n k in g & F in a n c e : Private bank opens in Tanzania

3 2 US Opic backs Africa

3 2 Benin banks

3 3 E n e rg y & M in in g : Anglo American reorganises 3 4 In b r ie f : Mozambique graphite; Nigerian refinery reopens

3 5 E n v i r o n m e n t : New South African d iamond mine

3 5 SAPs may damage forests 3 6 Cameroon rainforest project 3 8 In d u s t r y & T e c h n o lo g y : Taxes hit Uganda breweries

3 9 M a r k e t N e tw o r k : Nigerian oil pricing 3 9 In b r ie f : African books; Green tourism ; Marble in Ethiopia

4 0 T r a n s p o r t & T e le c o m s : New je t fo r South Africa

4 2 US cable TV for Africa 4 2 South Africa converts its own je t 4 2 In b r ie f : Zimbabwe buses; Airline credit; Namibia flights

Afte r 26 years o f a s tr ic t s ta te m onopoly over legal banking in Tanzania, a new banking era has daw ned now th a t the firs t post-A ru sha p r iv a te -se c to r bank has opened its doors in the country. Page 31

Uga n d a ’s b rew e r ie s are up in a rm s over the he fty rise in the excise ta x on beer in tro duced in th e 1993/94 budget. T h e ir sa le s have p lum m e te d , and so has go ve rnm en t revenue from th is source. Did F in ance M in is te r Joash M a yan ja N ka ng i ’s tax hike o ve rs te p th e mark? Page 38

African Business November 1993 3