Nigeria’s economic capital is expanding at breakneck speed. According to the UN, it is the biggest and fastest-growing city in Africa’s largest economy, with a new arrival every minute. Though it caters to the powerful and rich, Lagos will rise faster if it takes everyone along for the ride. Will new governor Ambode nudge the city down the right track? Is the city just benefiting the top tier?
This year’s Africa CEO Forum, to be held in Abidjan on 21-22 March, will examine the prospects for a new generation of continental champions. Amid tough economic realities, The Africa Report talks to business leaders about obstacles and strategies for success.
GHANA & COTE D'IVOIRE
While a previous generation of political leaders bet on which country’s economic model would triumph, a new one is putting its money down in support of regional cooperation and integration. The country focus also includes people to watch in both countries; the reduction in cocoa smuggling in Cote d’Ivoire; joint electricity projects to boost regional interconnectivity and the challenge for banks in both countries.
AU chair Nkosazana Dlamini-Zuma will have to make up her mind on whether to stay or to go. The AU goes into election mode as member states decide who to back for AU Commission chair at the next summit in July. The big question is whether Nkosazana Dlamini-Zuma will stand again or repair to South Africa to join the race for the Presidency.
GHANA'S PRESIDENT JOHN DRAMANI MAHAMA
Mahama is more popular than his party, but he faces criticism of recent energy deals. Polls already indicate a tight race ahead in the November national elections
Buhari faces security and economic crises a year after the landmark election. The Nigerian government is planning on a large borrowing programme to finance the budget and new investment. Buhari needs $700m alone to fund the 8,700 strong Multinational Joint Task Force, which groups armies from Cameroon, Chad, Niger and Nigeria.
The lumber trade in the DRC’s Nord-Kivu Province is plagued by rebel kidnappings, while meddling soldiers and government officials add to the disorder. Although 22% of the DRC’s timber is exported to the European Union and forests cover two-thirds of the country, timber contributes relatively little to the country’s gross domestic product.
The video-streaming behemoth launched its services in every African country in January. Are local providers running scared? Not in the least, according to local experts, who argue that the cost of data and internet speeds are still a major challenge to the growth of video on demand in Africa, so at the moment the only people able to access this type of service are the middle class with access to broadband internet.
After troubled ventures in Kenya and Nigeria, Tiger Brands seeks a new direction
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KENYA – LINKING ASIAN INVESTORS WITH AFRICAN MARKETS
A unique look at the country’s economic potential, with a range of articles on politics, investment, telecoms, electricity and oil and gas. It includes an interview with Phyllis Jepkosgei Kandie, the former tourism secretary, a profile of Nairobi moneymakers, old and new and a ranking of the top 20 companies and banks.
ART & LIFE
As Africa’s proudly burgeoning cities spawn skyscrapers and shopping malls, community spaces are being squeezed out. From Addis Ababa to Cape Town and Nairobi, The Africa Report meets activists and artists who are reclaiming the streets and pumping life into the metropolis.