AfricanBUSINESS

N°298 M a y 2004

COVER STORY ITU T e l e c o m A f r i c a 2 0 0 4 : A f r i c a ' s g r e a t a d v a n t a g e .

FINANCE A S p e c i a l A f r i c a n B u s i n e s s R e p o r t .

Ed i t o r ia l 11 Reprogramming Western Media

C o v e r St o r y ITU T e le c o m A f r i c a 2 0 0 4

12 Leapfrogging into the 21st century. 15 Africa's great mobile revolution. 16 Telecoms around the continent.

F i n a n c e A f r i c a S p e c i a l A f r i c a n B u s i n e s s R e p o r t

18 Mobilising Africa's untapped potential. 19 West African capital market on its way. 22 James and his golden dart. 23 African Development Bank report. 27 The World of Western Union. 30 Dollar weakness lifts African stocks.

Re a d e r s S u r v e y 33 We ask for your views.

C o m m o d i t i e s 38 Asian growth lifts metal prices.

FocusEouitor i a l G u i n e a

41 An exclusive in terview with

President Teodoro Obiang.

O il & G a s 4 6 Shell shakes-up Nigerian operations.

V i e w f r o m THE CITY 50 Oil jitte rs shake world industries.

COMMODITIES A s i a n g r o w t h l i f t s I n d u s t r i a l m e t a l p r i c e s .

COUNTRYFILE

52 S. Africa: ANC to take the high road? 54 Nigeria:The protectionism question. 56 Uganda:Time to take the next step. 58 Burkina Faso: Gold for honest men. 6 0 Zambia: Is Zim's loss Zambia's gain? 62 Algeria: Bouteflika's clear mandate.

Re v ie w s B o o k s / Music 6 4 Books: Libya and the West. 66 Music: Ghana's Highlife.

A f r i c a n B u s i n e s s I M a y 2 0 0 4

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