Word: aga
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Dates: during 1960-1969
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...recently bought a half interest in a Nigerian newspaper chain. Provided he gets a go-ahead from Emperor Haile Selassie ("who seemed very responsive"), Thomson intends to establish an Ethiopian news agency and two Ethiopian dailies-one in English and one in Amharic. And in partnership with the youthful Aga Khan, he is laying plans for five new papers in Uganda, Kenya and Tanganyika...
Give to Receive. The Ismailis are a prosperous minority scattered mainly through Africa, the Middle East and Asia. Naturally industrious, they gave tithes for more than 40 years to Karim's grandfather, the old Aga Khan, and their gifts came back to bless them. A playboy but a shrewd financier, the old Aga Khan invested the Ismailis' money in blue-chip stocks, used the proceeds to finance a network of Ismaili banks, shops and factories. In Ismaili communities, he built hospitals, mosques and schools. He left an estimated $800 million, though the young Aga Khan warns...
...visitor listened gravely, kept three secretaries busy handling his replies. For the 20 million members of the Ismaili Moslem sect face challenging times, and their new Imam was determined to lead them well. "All that really matters for me is my work.'' says 23-year-old Karim Aga Khan. "All the rest is tripe...
Young Karim gives and invests with an eye on political trends. In Uganda, where the 10,000 Ismailis almost monopolize retail trade, black nationalist leaders last year organized a boycott of Ismaili shops, and the Aga Khan is now advising his followers to shift into other lines-"small industry, the professions, the civil service." In every country, the Aga Khan interviews key Cabinet ministers to find out what industries the government is keen on developing, and sets up a local
Ismaili to get the business going. "Any little tidbit that comes up. I jump on." he says. Sound Ismaili business ventures can count on low-interest (about 3%) loans from the Aga Khan's banks...