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THE FOREMOST INTERNATIONAL MEETING FOR AFRICAN CEOs, BANKERS AND INVESTORS

• Nigeria Save ournaira • Tanzania Magufuli grabsregional role • Trump No lectures to Africa,please www.theafricareport.com

N° 88•MARCH 2017

T H E P O W E R

FERIAL HAFFAJEE

MOGOENGMOGOENG

CHRISTO WIESE

JACOBZUMA

NKOSAZANA DLAMINI-ZUMA

PATRICE MOTSEPE

AJAYGUPTA

PRAVIN GORDHAN

DAVID MAHLOBO

CYRIL RAMAPHOSA

JOHANN RUPERT

W h o r u n s S o u t h A f r i c a ?

DITION

INTERNATIONAL EDITION

p g ana GH¢ 10 • Italy €5 90 • Ke gium €5.90•CanadaCA$7

g enya KES 410 • Morocco 40 7.95•DRCongoUS$9•D

enyaKES410 Morocco40 a Leone LE 15,000•Sout ana GH¢ 10 Italy €5.90 K wanda RWF 6 000 • Sierra wanda RWF 6,000 Sierra • Tanzania TZS 10 000 • Tun • Tanzania TZS 10,000 • Tun FAC t i 3 500 FCFA Euro Zone €5.90 isia 5.4 DT • Uganda UGX 1 E Z €5 90

Algeria550 DA•Belgium €5.90 Canada CA$ 7.95 DR Congo US$ 9 Denmark60DK DOM8€ Ethiopia90Birr France€5.90 Germany €5.90•Ghana GH¢ 10 Italy €5.90 K 0 DH•Netherlands €5.90 Nigeria 800 NGN Norway NK 70 Portugal €5.90•RwandaRWF6000•Sierra thAfrica R40 (tax incl ) • Spain €5 90 • Sweden SEK 70 Switzerland 9.90 FS • Tanzania TZS 10 000 • Tunisia 5 4 DT • Uganda UGX 10,000•UK£450•UnitedStatesUS$695•Zambia48ZMW Zimbabwe US$4•CFACountries3500FCFA•EuroZone€590

isia 5 4 DT • Uganda UGX 1

0DK•DOM8€•Ethiopia 90 Birr•France€5.90

therlands€590•Nigeria800NGN•NorwayNK70

therlands€5.90 Nigeria800NGN NorwayNK70 R40 (tax incl) • Spain €590 • Sweden SEK 70

R40 (tax incl.) Spain €5.90 Sweden SEK 70 K £4 50 • United States US$ 6 95 • Zambia 48 ZMW

K£4.50•UnitedStatesUS$6.95•Zambia48ZMW

FACountries 3,500 FCFA•E

GROUPEJEUNE AFRIQUE

THE FOREMOST INTERNATIONAL MEETING FOR AFRICAN CEOs, BANKERS AND INVESTORS

• SouthAfrica The top100 influencers • Tanzania Magufuli grabs regional role • Trump No lectures to Africa, please www.theafricareport.com

N° 88•MARCH 2017

Nigeria

Save our Naira

Buhari’s governmentmust fighttosave the currency

THE FOREMOST INTERNATIONAL MEETING FOR AFRICAN CEOs, BANKERS AND INVESTORS

• SouthAfrica The top 100influencers • Nigeria Save our naira • Trump No lectures to Africa, please www.theafricareport.com

N° 88•MARCH 2017

EastAfrica

Bulldozing the region

Pipelines, integration, new partners: Magufuli redraws the map in East Africa

WEST AFRICAEDITION

Algeria 550DA•Belgium €5.90•Canada CA$ 7.95•DRCongo US$9• Denmark 60 DK•DOM8€•Ethiopia 90 Birr• France€5.90 Germany€5.90• GhanaGH¢ 10•Italy €5.90•Kenya KES 410•Morocco40DH• Netherlands €5.90•Nigeria 800NGN•Norway NK 70 Portugal €5.90•Rwanda RWF 6,000•Sierra Leone LE 15,000•South Africa R40 (taxincl.)•Spain €5.90•Sweden SEK 70 Switzerland 9.90 FS•Tanzania TZS 10,000•Tunisia 5.4DT•Uganda UGX10,000•UK£4.50•United States US$ 6.95•Zambia 48 ZMW Zimbabwe US$4•CFA Countries3,500FCFA•Euro Zone €5.90

GROUPEJEUNE AFRIQUE

EASTAFRICA EDITION

Algeria 550 DA•Belgium €5.90•Canada CA$ 7.95•DRCongo US$9• Denmark 60 DK•DOM8€•Ethiopia90Birr•France €5.90 Germany €5.90•GhanaGH¢ 10•Italy €5.90•Kenya KES 410•Morocco40DH•Netherlands €5.90•Nigeria 800NGN•NorwayNK70 Portugal €5.90•Rwanda RWF 6,000• Sierra Leone LE 15,000•South Africa R40 (taxincl.)•Spain€5.90•Sweden SEK 70 Switzerland 9.90 FS•TanzaniaTZS 10,000•Tunisia5.4 DT•Uganda UGX 10,000•UK£4.50•United States US$6.95•Zambia48ZMW Zimbabwe US$4•CFA Countries 3,500FCFA•Euro Zone €5.90

GROUPEJEUNE AFRIQUE

contents

The AfricA reporT #88- mArch 2017

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06 Editorial

Thegreat unravelling 08 lEttErs 10 thEQuEstion

Briefing 12 signposts 14 intErnational 16 pEoplE 18 opinion

Alan Cowell,onthe Trump FamilyBusinessand echoes across thecontinent 20 calEndar

THE POWER

feriAL hAffAjee

MogoENg MogoENg

Christo Wiese jaCob zuma dAvid mAhLobo

NkosazaNa DlamiNi-zuma

22

Cyril ramaphosa

AjAYgUpTA

prAvin gordhAn johaNN rupert frontLine 22 Whorunssouth africa?

Thepower 100 From thefight between white capital andnew money, to the institutionalframework holding back thecliqueatthe top, the innerworkingsofSouth Africa.

poLitics 34 tanzania

Magafulibulldozesthe region AlthoughDar es Salaam hasgainedareputation asatrickycustomerinEast Africa,ithas started to play amoreinclusive game 40 KEnya

Wafula Chebukati, the election arbiter 42 anansi

Ghana’stransitional moment countryfocus 45 nigEria

Save ournaira Still battered by lowoil prices andnursing an economy not as diversifiedashoped, there is nonethelessaglimmerof hopeahead.Anew plan hopes to breakthe nationaladdiction to oilexports,and bolster agricultureand manufacturing the africa report • n° 88 • march 2017

34

45 60

Business 60 africa-sWitzErland

Higher,faster, stronger Thelinksbetween Africa andSwitzerlandare free from colonial baggage, butremain dominated by traders 66 intErviEW

Kais Marzouki, head West and CentralAfrica,Nestlé 68 tunisia

Seeking20/20 vision 70 lEadErs

SafaricomCEO BobCollymore 72 opinion

Bright Simons, on artificialintelligence and thejob market 74 financE

Zimbabwe’sbad bank, ZAMCOtothe rescue 75 hannibal

TheAfricancreditratings agency takesCarlylecash dossiEr insurancE 76 Thethreat of tech

Someinsurers arewaking up to fintecheatingtheir lunch 79 East africa

Insure thyneighbour 80 nigEria

Theprice war, and theracetothe bottom

Art&Life 82 WEddings

Thebig contract Nigeria’swedding planners 86 nEWagE sufism

Egypt’syouth are breathing freshlifeintothe branch 88 travEl

Bite-sized Benin 90 dayinthE lifE

Pepe JulianOnziema

This issue carries an insert betweenpages 58and 59 forselectedcountries

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