AfricanBUSINE SS April 2000 No 253

CONTENTS Editorial

Special Report

7 Demonising Mugabe

Cover S to ry

8 Africa as a drug highway

Insight

11 Burundi assets on ice

V ie w From T h e C ity

12 Pros, cons of forex control

T re n d s

Banking in Africa 25 Banking review 28 Leonard Tsumba in te rv iew

Money Matters

30 A fr ic a ’s in te rnet revolution

C o u n try File

32 End of the road for Mugabe? 33 The R800m deal that w a sn ’t 34 M a la w i levy dogfight

T ra ve l

Drug highway to hell.

14 The Russians are coming

Focus

18 Comesa insurance scheme

Commodities

20 M e ta ls recover

To p ic 22 M ozam b ique- heroes & v illa in s

36 City Guide: Addis Ababa

Books

38 The Pale Abyssinian 39 D ifficu lt & dangerous roads 40 So vast the prison 41 W a ll sculptures of Abomey 41 The African kitchen

Zim Reserve Bank Governor, Tsumba.

Cover illustration is a painting by Cheri Samba titled Asu c c e s s fu l l i fe . Painting from the Jean Pigozzi collection.

City Guide ■Addis Ababa

A fr ic a n B us in ess I April 2000 I 3