AfricanBUSINESS

N°305 Ja n u a r y 2005

COVER STORY 2004 A f r i c a n e c o n o m i c REVIEW AND 2 0 0 5 PROJECTIONS

COMMODITIES A f r i c a ’s p r e c i o u s m e t a l s SHINE BRIGHTLY

E d i t o r i a l 13 Lessons in how to wreck an economy

C o v e r St o r y What does 2005 hold in store? 14 African Economic Review 16 African Winners and Losers 18 Eastern Africa 19 West Africa 20 Central Africa

North Africa 21 South Africa

N e w P r o d u c t s 22 A fortune in catfish, Put a tiger in your putt and other items

C lT YV IEW 24 Four more Bush years

D a t e l i n e U S A 26 Artists repay debt to Africa

D e v e l o p m e n t 28 Nepad - nothing but a talk shop?

C o m m o d i t i e s 30 Bright future for precious metals’

Ev e n t s 34 Eagle Awards winners

To p i c 36 SADC plots ambitious decade

St o c k M a r k e t s 38 JSE set to become pan-African

O il & G a s 40 Nigeria’s limitless gas potential

G u e s t C o m m e n t 44 Somalia’s jet-setting president

GHANA P r a g m a t i s m w i n s o v e r THE VOTERS

COUNTRYFILE 46 S. Africa: Cosatu‘no lapdog’. 48 Namibia: Pohamba ignites economy 50 Ethiopia: Full marks for economic strategy 52 Senegal: Dogma out, pragmatism in. 54 Ghana: Grown up elections 56 Mauritania: Oil to the rescue

S h o w b u s i n e s s 58 MTV’s Africa channel 60 Papa Wemba is back

R e v i e w s Books/Music 62 Global crises, global solutions,

and other book 66 Mbilia Bel: A true diva returns

A f r i c a n B u s i n e s s I Ja n u a r y

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