• Short Summary

    Uganda's President Idi Amin criticised Britain for "not honouring its word" when he opened the new Libyan-Arab-Uganda Bank for Foreign Trade and Development in Kampala on Monday (20 November).

  • Description

    Uganda's President Idi Amin criticised Britain for "not honouring its word" when he opened the new Libyan-Arab-Uganda Bank for Foreign Trade and Development in Kampala on Monday (20 November). President Amin said it was "a well known fact that most of our banks in Uganda have in the past been controlled by imperialists." He said, "Being an instrument of imperialism they were only keen to serve the activities of imperialism." President Amin added that the Libyan leader, Colonel Muammar Gaddafi, always honoured his word, unlike Britain which had promised a ten million sterling loan and then withdrawn it as a means of putting pressure on Uganda. He said "it was very shameful for a big country to be a liar, not to honour its words."
    The new bank, which has a capital of 60 million shillings (about 3.6 million sterling), is 49 per cent owned by the Ugandan Government and 51 per cent by the Libyan Arab Bank in Tripoli. Its main aim is to help Ugandans buy businesses left by expelled Asians and to undertake normal commercial banking, crop financing and development financing. Increased Libyan influence has been evident in uganda since military aid was offered by Libya during the Uganda-Tanzania crisis in September.

  • Tags

  • Data

    Film ID:
    VLVADLWZDCO64DN7RK1FMG6N5K3FO
    Media URN:
    VLVADLWZDCO64DN7RK1FMG6N5K3FO
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    21/11/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:13:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment