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Contents October 2014 ISSUE N° 412 WWW.ICPUBLICATIONS.COM

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FRANCOPHONE AFRICA Nathalie Desanti-Tounkara NORTH AFRICA Néjib Ben Yedder n.benyedder IC EVENTS Printers Headley Brothers Ltd The Invicta Press Queens Road, Ashford Kent, TN24 8HH All pictures AFP unless indicated. Registered with the British Library. ISSN 0142-9345 ©2013 IC Publications Ltd N° DE COMMISSION PARITAIRE 0315 K 89343 Mensuel: Octobre 2014 Dépôt légal

16 Cover Story Africa’s millionaire factory

15 Editorial One hand washes the other

70 International Kenyatta’s diplomatic chess moves

16 Cover Story Africa’s millionaire factory 18 The difference between wealth and income 19 World’s richest worth $3.1 trillion

20 Top Banks 2014 A steady year for African banking 24 The demise and rebirth of African Bank 28 The Top 100 Table Region by region rankings 30 North Africa: Morocco rules but Egypt rebounds 32 West & Central Africa: Results disappoint but outlook is bright 36 East Africa: Big leap in access to banking 42 Southern Africa: Choppy waters ahead for South African banks

46 Sector Focus: Oil and Gas Adapting to a changing universe 50 All systems on go for Mozambique LNG 52 The up and downside of Angolan oil 54 East African exploration moves up to the next level 56 How to manage oil revenues 60 Can South Africa become an oil giant?

72 Sector Focus: Agriculture Climate smart, not climate change 76 Look at farming as a business 78 Plugging into the modern age

80 Events Singapore – Africa, the ideal fit?

84 Profile Jean-Louis Billon, Minister for

Commerce, Crafts and SME Promotion, Côte d’Ivoire

86 Mining Why is Africa’s share of mining investment so low? 87 Diamonds regain their sparkle

Countryfiles 92 Nigeria: The gathering storm 94 Ethiopia: Art flourishes as economy grows 96 Kenya: Isolo shakes off dust and cobwebs 98 Tanzania: Going nuts over cashew 100 Ghana: Bracing against

Ebola syndrome

62 Guest Column

Getting industrialisation right

66 Aviation Ebola clips wings of high-flying ASKY 68 Say hi to Jambojet

Reviews: Book and Music 104 Book: TheBrightContinent 106 Music: FindingFela

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