UNITED KINGDOM IC Publications, 7 Coldbath Square, London EC1R 4LQ Tel: +44 20 7841 3210 Fax: Admin +44 20 7713 7898 Editorial: +44 20 20 7841 3211 icpubs@africasia.com www.africasia.com FRANCE IC Publications, 609 BAT A, 77 RUE BAYEN, 75017 PARIS Tel: +33 1 44 30 81 00 Fax: +33 1 44 30 81 11 info@icpublications.com www.icpublications.com GROUP PUBLISHER Afif Ben Yedder Directeur de la publication EDITOR Anver Versi a.versi@africasia.com ART DIRECTOR Jason Venkatasamy jason@africasia.com ASSOCIATE EDITORS Tom Nevin Stéphane Vigouroux Gérard Choisnet Ridha Kefi Hichem Ben Yaiche Fériel Berraies Guigny CORRESPONDENTAT-LARGE Stephen Williams EDITORIAL ASSISTANT Carole Lambert CORRESPONDENTS IN AFRICA Barnabas Thondlana Leo Odera Omolo Blamuel Njururi Herald Tagama Pini Jason John Ansah Derek Otieno Chris Ndivanga Masupu Rakabane SPECIAL CORRESPONDENTS Moin Siddiqi Dr Karamo Sonko Neil Ford Pini Jason Eluem Izezi SUBSCRIPTIONS: IC Publications PO Box 2068 Bushy, Herts, WD23 3ZF Telephone: +44 20 8950 9117 Fax: +44 20 8421 8155 icpublications@alliancemedia.com www.africasia.com/subs See page 45 for subscription offer details
PUBLISHER Omar Ben Yedder o.benyedder@africasia.com GROUP SALES DIRECTOR Leila Ben Hassen l.benhassen@africasia.com DEVELOPMENT DIRECTOR Patricia Bonnin ADVERTISING SALES DIRECTORS Saliba Manneh Nick Rosefield Medrine Chitty Arthur Jones Tibor Fuchsel Elisée Marie Ndiana Matthew GHANA OFFICE: Nana Asiamah Bekoe KwabuSekyere Enterprise Tel: +233 21 258058 Mobile: +233 20 815 3431, +233 244 788 450 nanakwabu@yahoo.com GHANA – SPECIAL PROJECTS Silvia Salvetti Tel: +233 24 910 5995 top@topreports.org
SENEGAL OFFICE Nathalie Desanti-Tounkara n.desanti@africasia.com Mobile: +22176 51 51265 MARKETING & DISTRIBUTION Malek Bey Santosh Jairajh IC EVENTS EVENTS DIRECTOR Richard Oban DEVELOPMENT MANAGER Anna Rosenberg PRODUCTION MANAGER Michael Messam PRINTERS Headley Brothers Ltd, The Invicta Press, Queens Road, Ashford, Kent TN24 8HH All pictures AFP unless indicated. Registered with the British Library. ISSN 0141-3929 ©2010 IC Publications Ltd
Member of The Audit Bureau of Circulations
N° DE COMMISSION PARITAIRE 0310 K 89343 Mensuel: Janvier 2010 Dépôt légal
Contents
African Business January 2010
12 COVER STORY Economic Review of the Year
Economic Review of the Year
30 Spotlight Sierra Leone
Editorial 11 The winds of change are blowing again
Cover Story Economic Review of the Year 14 Africa takes full brunt of the crisis 20 Commodities review –
Mining bounces back
Cityview 28 Africa bruised, not battered
Spotlight Sierra Leone 30 New look sparks investment rush
Special Report Power 36 Powering Africa 37 The new power-generation surge 40 The long road to electrification 46 The renewable revolution
36 Special Report Powering Africa
Cinema 48 African cinema goes commercial 51 Hollywood breakthrough for Nigerian duo
China-Africa 52 China bites back at Egypt summit
Event 54 CBC Forum, Trinidad
Countryfiles 56 South Africa:
Gautrain delivers skills dividends 58 Ghana: ‘Vodafonegate’ rumbles on 60 Kenya: Tussle over future of ivory trade 61 Zimbabwe: New deal will protect property rights
Reviews Book/Music 64 Our Choice 66 Francophonic 2
