UNITED KINGDOM IC PUBLICATIONS 7 Coldbath Square London EC1R 4LQ Tel: +44 20 7841 3210 Fax: +44 20 7713 7898 icpubs@icpublications.com africanbusinessmagazine.com
FRANCE IC PUBLICATIONS 609 Bat A 77 rue Bayen 75017 PARIS Tel: +33 1 44 30 81 00 info@icpublications.com www.icpublications.com FOUNDER Afif Ben Yedder EDITOR IN CHIEF Omar Ben Yedder o.benyedder@icpublications.com CHIEF FEATURES WRITER David Thomas d.thomas@icpublications.com DIGITAL EDITOR Taku Dzimwasha taku@icpublications.com SUB EDITOR Charles Dietz c.dietz@icpublications.com STRATEGIC DIRECTOR Christian Udechukwu CONTRIBUTORS Giorgio Berti Tom Col l i ns Neil Ford Linus Unah Stephen Williams SUBSCRIPTIONS IC Publications Webscribe Unit 4, College Business Park College Road North Aston Clinton, HP22 5EZ UK Telephone: + 44 (0) 1442 820580 contact@webscribe.co.uk www.africanbusinessmagazine. com/subscribe
GROUP PUBLISHER Omar Ben Yedder VP DEVELOPMENT Saliba Manneh s.manneh@icpublications.com SENIOR PROJECT MANAGER Darren Moore d.moore@icpublications.com ADVERTISING SALES DIRECTORS Medrine Chitty Baytir Samba Nick Rosefield ADVERTISING advertising@icpublications.com DISTRIBUTION distribution@icpublications.com PRODUCTION MANAGER Sophie Dillon GHANA – SPECIAL PROJECTS AND ADVERTISING Silvia Salvetti Ollennu Top Reports Tel: +233 24 910 5995 top@topreports.org NORTH AFRICA Néjib Ben Yedder n.benyedder@icpublications. com IC EVENTS info@ic-events.net Printers Roularta Media Group Meensesteenweg 300 8800 Roeselare Belgium All pictures AFP unless indicated. Registered with the British Library. ISSN 0142-9345 ©2018 IC Publications Ltd N° DE COMMISSION PARITAIRE 0320 K 89343 Mensuel: Novembre 2018 Dépôt légal
CONTENTS
November 2018 ISSUE N° 457 WWW.ICPUBLICATIONS.COM
COVER STORY BETTING THE HOUSE: AFRICA EMBRACES GAMBLING
BUSINESS INTELLIGENCE 4 News, deals, events and appointments from around Africa
COVER STORY: GAMBLING 12 Betting the house: Africa embraces gambling 18 Bookmakers bet on Kenya
FEATURES 20 Bill Gates highlights demographic challenge 22 Interview – Ibrahim Mayaki, CEO, NEPAD 26 Tutu Fellows column – Banks will not become extinct 28 Tax squeeze in Kenya 30 Perspective – Technology can drive inclusive growth
SPECIAL REPORT: INFRASTRUCTURE 33 Bridging the infrastructure gap 36 Interview – Raza Hasnani, Africa50
SPECIAL REPORT: IT AND TELECOMS 38 African ICT focuses on internet access 40 The rise of Africa’s tech industry 45 Perspective – Skilling up youth for the digital age 47 Interview – Raghav Prasad, President of Mastercard SSA 50 Interview – Ahmad Mokhles, COO, Liquid Telecom
FEATURES 53 Perspective –Turkey’s partnership with Africa 54 Turkey: Threats to investment in Africa 56 Interview – Régis Immongault,
Minister of State, Foreign Affairs, Cooperation, Francophonie and Regional Integration, Gabon 59 Nigeria: Farmer-herder clashes 62 Zambia: Towards an IMF bailout?
ROUNDTABLE 66 Leveraging talent in East Africa
BOOK REVIEW 72 Keys to growth in the African
market
LAST WORD 74 Holding leaders to account on hu
man development
