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United Kingdom IC PUBLICATIONS, 7 COLDBATH SQUARE, LONDON EC1R 4LQ. Tel: +44 20 7713 7711 Fax: Admin +44 20 7713 7898 Editorial: +44 20 7713 7970 E-mail: icpubs@africasia.com Website: 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 E-mail: info@icpublications.com Website: www.icpublications.com Contents AFRICAN BUSINESS Winner of the Diageo 2005 Best Publication award JUNE 2007 ISSUE 332 WWW.AFRICASIA.COM Group Publisher: Afif Ben Yedder (benyedder@africasia.com) Editor: Anver Versi (a.versi @africasia.com) Editorial Department Associate Editor Tom Nevin African Banker editorial consultant Christian Udechukwu Correspondent-at-large Stephen Williams Editorial Assistant Carole Lambert Production Manager Christine Tyrell (c.tyrell@africasia.com) Correspondents in Africa Barnabas Thondlana, Leo Odera Omolo, Blamuel Njururi, Herald Tigama, Pini Jason, Rob Rose, John Ansah, Derek Otieno, Chris Ndivanga, Masupu Rakabane Special Correspondents Milan Vesely, Moin Siddiqi, Dr Karamo Sonko, Neil Ford, Franççois Misser, Graeme Ewens, Pini Jason, Eluem Izezi, Jennie Street, Paul Michaud Sales and Marketing Associate Group Publisher: Omar Ben Yedder (o.benyedder@africasia.com) Director of Sales & Marketing: Saliba Manneh (s.manneh@africasia.com) Business Development Manager: Kasimir Berger (k.berger@africasia.com) Advertising Sales Directors: Carlota Casades (c.casades@africasia.com) Fatima Ghellab (fatima@africasia.com) Alya Assad (a.assad@africasia.com) Nick Rosefield (n.rosefield@africasia.com Special Projects Consultant: Monique Butt Distribution Manager Mike Penton (m.penton@africasia.com) Subscriptions: IC Publications Subscriptions Dept Tower House, Sovereign Park, Market Harborough. Leicestershire LE16 9EF United Kingdom Telephone: +44 1858 438 792 Fax: +44 1858 461 739 Email: subscriptions@africasia.com Subscription rates for 11 issues: UK: UK£40.00, Eurozone €80.00, USA US$90.00, Rest of world UK£55.00 Back issues including postage: UK£4.00 (UK), UK£5.00/€7.00/US$8.00 (overseas) Printers: Headley Brothers Ltd, The Invicta Press, Queens Road, Ashford, Kent, TN24 8HH. Indexed and abstracted in PAIS International and included in one or more of the Informartion Access Company full text reference databases. Microfi lms available from Xerox University Microfi lms, 399 N. Zeeb Road, Ann Arbor, Michigan 48106, USA. Indexed by UMI/Data Courier, PO Box 327770, Louisville, KY 402322770 USA. All pictures AFP unless indicated. Registered with the British Library. ISSN 0141-3929 ©2007 IC Publications Ltd. Member of The Audit Bureau of Circulations. 12 Cover Story Nigeria Elections 24 Special Report African Ports & Harbours 44 African Economic Forum Raising the bar on performance Editorial 11 The G8’s empty promises Cover Story Nigeria’s Election Umaru Yar’Adua – The call of destiny 12 The labours of Yar’Adua 13 The quiet man from Katsina 18 Running a tight ship Finance 22 Islamic banking bestrides Africa Special Report African Ports & Harbours 24 Innovation brings success 25 Thinking big, thinking smart 26 Coega ready for take-off 28 Djibouti enters major league 30 Southern Africa: Accent on new capacity 32 West Africa: Public-private synergies 34 East Africa: Looking beyond two cities 35 North Africa: Glut of foreign investors Energy 36 Tripoli set to push gas Essay 40 How euphoria turned into tragedy African Economic Forum 44 Raising the bar on performance 48 What is the WEF; what will be discussed? 54 WEF Africa 2006: A retrospective 56 WEF Africa 2007: The programme Agriculture 58 Bananas – science to the rescue Spotlight Fair trade 60 Movement gathers strength Countryfile 62 South Africa: Power from the sea 64 Mali: A second term with ease 66 Sao Tome: Dreaming the dream 68 Liberia: Gems raise spirits Arts/Review 71 A garden of love 73 Modernising the traditional

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