Word: africanization
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Dates: during 1960-1969
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...that his killer belonged to the Kikuyu, traditional foes of the less powerful Luo. Thus new tribal disturbances are likely to erupt when Njoroge goes on trial this week. The plot is complicated by the fact that Mboya, though a Luo, was also a national leader of the Kenya African National Union (KANU), the Kikuyu-controlled ruling party. Hence it was startling that Njoroge turned out to have been an active, though minor figure in KANU. It seemed probable that Mboya's assassination was a political act motivated by a power struggle inside his party...
...better. This year Stewart, 30, has replaced King James as the Scottish ruler of the road. Last March, in the South African Grand Prix, first of the 1969 world championship Formula I series races, he roared into the lead on the very first lap, and has rarely been behind since. In the most astonishing driving display in Grand Prix history, Jackie raced his 430-h.p. Matra-Ford M580 to victories in Spain, The Netherlands and France. He lost at Monte Carlo only after a faulty drive shaft forced him to drop out one-third of the way through the race...
...pieced together an explanation. Most of the gold, Ball reports, has been flown to Switzerland and bought by three banks: Credit Suisse, Union Bank and Swiss Bank Corp. Motivated by pride and profit, the three banks formed a syndicate a year ago and began to buy newly mined South African gold. They wanted Zurich to challenge London's position as the leading gold market, and they also figured to sell the gold at a lucrative markup. By carefully controlling their marketing practices, they could keep the free-market price from becoming depressed. They sold the gold to industrial users...
...Portugal has broken the central-bank boycott and bought some of the rest at the official $35 price. The Lisbon bankers took about $145 million worth in 1968 and another $120 million worth early this year. Johannesburg moneymen also believe that South Africa has loaned some gold to other African nations...
...central bankers strongly suspect that South Africa has deposited some of its gold in foreign banks and subtracted the deposits from its figures on gold reserves. That ploy would tend to make the boycott look even more ineffective than it is. British statistics show that $222 million in South African gold entered the U.K. last year. Most of it is probably to be found in South Africa's account at the Bank of England, which does not divulge what it is holding-but which has received South African gold ever since that country's first mines were...