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AFRICAN BUSINESS W i n n e r o f t h e D i a g e o 2 0 0 5 B e s t P u b l i c a t i o n a w a r d JUNE 2 0 0 6 IS S U E 3 2 1 WWW.AFRICASIA.COM

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3 6 Special R e p o r t World Economic Forum on Africa

All pictures AFP unless indicated. Registered with the British Library. ISSN 0141-3929 © 2 0 0 6 IC Public atio ns Ltd.

A B C Member of

The Audit Bureau of Circulations.

Ed ito r ia l 13 Black consum e r power

Cover s to ry 14 A fr ic an Ports and Harbours 16 M odern is in g A fr ic an Ports 17 N o r th A f r ic a : Egypt now a sh ip p in g nexus 18 West A fr ic a : N igeria,

Ghana fo rg e ahead w ith p o r t re fo rm s 20 East A f r ic a : Mombasa and Dar go head-to-head 22 M om basa: Bulk s to ra ge fa c i li t ie s raise p o r t 's s ta tus 24 S ou th e rn A fr ic a : Jewels in the

A fr ic an sh ip p in g crown 26 Coega: B ir th o f a brand new p o r t 29 Luba F re e p o r t : A one-stop shop f o r West A fr ic a 30 Walvis Bay: N am p o r t ’s am b i t io u s v is ion 31 Dar es Salaam: Management goes p riva te

V iew fr om the C ity 32 How f re e is yo u r economy?

Energy 34 Where does a ll th e o i l m oney go?

Special report W o rld Econom ic Forum f o r A fr ic a 36 A fr ic a f ro m a ll angles 37 The In vestm en t C lim a te Facility 4 0 A fr ic an Customs’ re fo rm s ta rg e ted

Coun t ry Files 44 South A f r ic a : Samgomas leave th e shadows 4 8 N ig e r ia : Headaches o f headcount 50 Tanzania: Income gap w o rrie s 52 Seychelles: Open d o o r f o r in vestors 54 Z im b a bw e : Economy worsens 56 B o tsw ana: Gas b r ig h te n s ou t lo o k

Review s B o o k s /M u s i c 62 O vercom in g In to le ra n ce in

South A fr ic a and o th e r books 6 6 South A fr ic a ’s ro ya lty