• Short Summary

    FALSE PROPHETS HAVE BEEN FORECASTING DOOM FOR THE ZAMBIAN ECONOMY AND POLITICAL STRUCTURE, THE COUNTRY'S LEADER, PRESIDENT KENNETH KAUNDA, SAID WHEN HE OPENED A NEW GBP650,000 BANK IN LUSAKA ON FRIDAY.

  • Description


    PRESIDENT KAUNDA OPENS NEW BANK; GREETED BY BANK MANAGER; ADDRESSES GATHERING; UNVEILS PLAQUE.




    Initials AB/VS/MR/MM



    Script is copyright Reuters Limited. All rights reserved

    Background: FALSE PROPHETS HAVE BEEN FORECASTING DOOM FOR THE ZAMBIAN ECONOMY AND POLITICAL STRUCTURE, THE COUNTRY'S LEADER, PRESIDENT KENNETH KAUNDA, SAID WHEN HE OPENED A NEW GBP650,000 BANK IN LUSAKA ON FRIDAY.

    PRESIDENT KAUNDA WAS GREETED BY THE BANK'S GENERAL MANAGER, MR. JOHN BLACK. THE BANK HAS BEEN BUILT BY THE STANDARD BANK OF LONDON.

    THE PRESIDENT UNVEILED A PLAQUE WHICH OFFICIALLY OPENED THE BANK, BUT BEFORE DOING SO HE TOLD HIS AUDIENCE THAT HE REGARDED THE OPENING OF THE NEW BRANCH AS AN EXPRESSION OF CONFIDENCE IN THE FUTURE OF ZAMBIA.

    ZAMBIA'S ECONOMY, HE SAID, WAS UNDERGOING A REVOLUTIONARY CHANGE -- BUT ECONOMIC AND POLITICAL REFORM DESIGNED TO INCREASE CAPACITY AND IMPROVE THE WELFARE OF THE PEOPLE, WERE FOLLOWED ALMOST IMMEDIATELY BY UNEASINESS AND ANXIETY.

    THIS, SAID THE PRESIDENT, WAS OFTEN EXAGGERATED.

    BUT PEOPLE WHO LOST CONFIDENCE IN PERIODS OF DRAMATIC CHANGE, PEOPLE WHO WERE NOT PREPARED TO TAKE RISKS, PEOPLE WHO MALICIOUSLY PREACHED THE GOVERNMENT'S INCOMPETENCE TO MANAGE THE COUNTRY'S AFFAIRS, HAD BEEN THE LOSERS IN THE LONG RUN.

  • Tags

  • Data

    Film ID:
    VLVAR5R31OWIPWJ36RAP20JHL20O
    Media URN:
    VLVAR5R31OWIPWJ36RAP20JHL20O
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    13/09/1969
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:21:00
    Time in/Out:
    /
    Canister:
    N/A

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