AfricanBUSINESS CONTENTS May 1998 No. 232

COVER STORY CLINTON’S AFRICAN SAFARI

What has US President Bill Clintons much vaunted African safari achieved? Was i t the dawn o f a new and more fr u i t fu l era in US-African relations or was i t all sound andfu r y signifying nothing? How d id America view the trip ? Tom Nevin and M ilan Vesely have all the answers

SPECIAL FOCUS JAPANESE AID IN AFRICA

Japan is Africa’s biggest aid donor but is now set to cut its aid budget. What will this mean to the continent’s development? In the first o f a two part series, Anver Versi recounts his recent trip to Kenya to take a closer look at the work o f theJapanese International Cooperation Agency.

INVESTMENT MUSEVENI MAGIC

Uganda’s President Yoweri Museveni has been conquering leaders and investors all over Europe and the US. What is the secret o f his success? Editor Anver Versi attended a recent investment conference in London to f i n d out fo r himself.

4 LETTER TO THE EDITOR / CURRENCIES

6 BUSINESS BRIEFS

EDITORIAL 7 T a rn is h e d je w e l

COVER STORY 8 C l in to n ’s A fr ic a n s a fa r i : A ll s ty le , no substance? 12 A t i ta n ic flo p?

V IEW FROM THE CITY 1 4 JSE bounces back

IN VESTMENT 1 6 U g and a on a ro ll

SPECIAL FOCUS 2 4 J a p a n e s e a id in A fr ic a

M IN IN G NOTEBOOK 2 9 G o ld en o ld ie s 3 0 A m a l ia 's L ib e r ia n ad v e n tu re co lla p s e s

COMMODITIES 31 El N ino f a i ls to rock p r ic es 3 3 O il: Too l i t t le too la te ?

TRANSPORT 3 4 K e n y a 's f irs t p r iv a te r a i lw a y 3 5 COMAZAR: S h a ken but not s t irre d

COUNTRYFILE 36 N A M IB IA /B O T SW A NA : W a lv is Bay — M a pu to h ig h w a y opens 37 Z IM BABW E : M u g a b e s in k in g in la nd q u a gm ir e 3 8 DEMOCRATIC REPUBLIC OF CONGO: K a b i la 's ca ta lo g u e of b lu n ders

TECHNOLOGY 4 0 H ig h tech m e e ts the bush

BOOKS 41 The D ynam ic s of J a p a n ’s R e la t io n s w ith A fr ic a 41 The Last King o f Sco t lan d 4 2 Books in b r ie f

A fr ic an Business May 1998 5