• Short Summary

    PRESIDENT OBOTE OF UGANDA YESTERDAY (FRIDAY, 6 MARCH) MADE HIS FIRST PUBLIC APPEARANCE SINCE HE WAS WOUNDED BY AN UNKNOWN GUNMAN LAST DECEMBER.

  • Description

    PRESIDENT OBOTE OF UGANDA YESTERDAY (FRIDAY, 6 MARCH) MADE HIS FIRST PUBLIC APPEARANCE SINCE HE WAS WOUNDED BY AN UNKNOWN GUNMAN LAST DECEMBER.

    THE PRESIDENT YESTERDAY OPENED THE NEW HEADQUARTERS IN KAMPALA OF THE BANK OF UGANDA.

    SPEAKING AT THE CEREMONY, PRESIDENT OBOTE SAID THAT UGANDA'S GROSS DOMESTIC OUTPUT HAD INCREASED SUBSTANTIALLY IN 1969 AND WAS WELL ON THE WAY TO REACHING THE GROWTH TARGET OF 7 POINT 2 PER CENT LAID DOWN IN THE CURRENT FIVE-YEAR DEVELOPMENT PLAN. HE DESCRIBED THIS AS AN EXCELLENT PERFORMANCE.

    THE PRESIDENT SAID THAT THE BANK OF UGANDA, AS THE COUNTRY'S CENTRAL BANK, WOULD BE CLOSELY ASSOCIATED WITH THE POLICY OF MOBILISATION AND ALLOCATION OF RESOURCES AND INVESTMENT IN ACCORDANCE WITH UGANDA'S NEW SOCIALIST STRATEGY.

    HE REVEALED THAT FOREIGN COMPANIES, IN ORDER TO BE REGISTERED UNDER THE FOREIGN INVESTMENT ACT, WOULD IN FUTURE BE REQUIRED TO BRING IN BOTH INVESTMENT CAPITAL AND WORKING CAPITAL.

    HE SAID THAT UGANDA WAS NOW ENTERING INTO A MOST EXCITING PERIOD OF ITS ECONOMY.

    THE CEREMONY WAS ATTENDED BY CHAIRMEN AND OFFICIALS OF BANKS OF SEVERAL AFRICAN COUNTRIES AND THE CHAIRMEN OF THREE BRITISH BANKS WITH INTERESTS IN UGANDA.

    STRINGENT SECURITY PRECAUTIONS WERE TAKEN FOR THE CEREMONY. STREETS AROUND THE NEW BUILDING WERE CLOSED FROM AN EARLY HOUR AND ALL GUESTS HAD THEIR CREDENTIALS CHECKED.

  • Tags

  • Data

    Film ID:
    VLVA5GOAACNIMLJTGNKFCW9VKZYK3
    Media URN:
    VLVA5GOAACNIMLJTGNKFCW9VKZYK3
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    07/03/1970
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:35:00
    Time in/Out:
    /
    Canister:
    N/A

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