BUSINESSAnCCPublication♦Foundedin1966♦AUGUST/SEPTEMBER2004♦N°301

S Africa: Is the rand too strong?

Tourism: A tale o f tw o towns

Company spotlight: Ecobank

Nigeria: Obasanjo versus the unions

Kenya: Clay blackens Kibaki

FORMULA FOR AFRICA’ S GROWTH

• A u s t r a l i a AS 6 . 6 0 • A u s t r i a € 3 . 8 0 • B a h r a i n BD 1.50 0 • B e l g i u m € 3 . 8 0 • C a n a d a S4.9S • CFA Z o n e CFA 1 .8 0 0 • C y p r u s C £ 2 . 0 0 • D e n m a r k D K r 3 0 • E g y p t EC 13.00 • E t h i o p i a R 2 0 . 0 0 • F i n l a n d € 3 . 8 0 • F ra n c e € 3 . 8 0 • G a m b i a Da 4 0 . 0 0 • G e rm a n y € 3 . 8 0 • G h a n a Ce 1 5 ,0 0 0 • G re e c e € 3 . 8 0 • I r a n UK 1.50 • I t a l y € 3 . 8 0 • J a m a ic a | a m S 2 0 0 • Ja p a n Y 7 0 0 • J o r d a n ] D 2 , 5 0 0 • K e n y a KShs 2 0 0 • K u w a i t K D 1.200 • L e b a n o n L L 5 . 0 0 0 • L u x e m b o u r g € 3 . 8 0 • M a u r i t i u s MR 1 0 0 . 0 0 • M o r o c c o D h 2 0 . 0 0 • N a m i b i a NS 19 .2 0 (inc tax) • N e t h e r l a n d s € 3 . 8 0 • N i g e r i a N 2 5 0 . 0 0 V O m a n O R 1.50 0 • P o r t u g a l (com.) € 3 . 8 0 • Q a t a r QR 15 .0 0 • S a u d i A r a b i a R Is 15 .0 0 • S i e r r a L e o n e LE 5 , 0 0 0 • S o u t h A f r i c a R 18 .0 0 ( im tax) • O t h e r S o u t h e r n A f r i c a n C o u n t r ie s R 19 .2 0 (exl.tax)

• S p a in € 3 8 0 • S w e d e n SK r 3 0 . 0 0 • S w i t t e r l a n d SFr 7 . 5 0 • T a n z a n ia TShs 3 . 0 0 0 • T u n is ia TD 2 . 3 0 0 • T u r k e y 3 . 0 0 0 . 0 0 0 T L • UAE Dh 15 .0 0 • U g a n d a USh 5 , 0 0 0 • U K £ 2 .5 0 • USA S4.25 • Z a m b ia ZK 1 0 ,0 0 0

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