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...place, Africa must now contend heavily with the corporate imperialism which plagues its developing nations. The process of "decolonization" in Africa strengthened the incentives for large corporations to invest in the vast African resources which had previously been harbored by the European colonial governments. The African leader Kwame Nkrumah observed in 1965 that the "colonial preserves of European imperialism were opened up to American capitalism" by the decolonization of Africa...

Author: By H. JEFFREY Leonard, | Title: Africa: Multinationals Fill Colonialist Void | 12/12/1973 | See Source »

Ever since the 1966 overthrow of Ghana's President and self-styled Osagyefo (Redeemer), the late Kwame Nkrumah, his once prosperous country has borne the burden of the $1 billion in foreign debts that Nkrumah left behind. When a group of army officers under Colonel Ignatius Kutu Acheam-pong seized power last year, they decided to solve the problem by repudiating a $94 million obligation to Britain (on the grounds that it had been incurred through corruption) and by declaring an indefinite moratorium on much of the remaining debt. A few months later, Acheampong proclaimed Ghanaian control over...

Author: /time Magazine | Title: GHANA: The Burdens of Debt | 4/16/1973 | See Source »

Contradictions hung from him like the charms that once dangled from the arms of his chair to ward off evil spirits. From his birth in a mud hut, Kwame Nkrumah rose to become President of Ghana, an absolute ruler who was thought to be immortal by many of his subjects. But even at the height of his power, he lived in fear of his life, behind heavily guarded walls-calling himself Osagyefo (Redeemer). From 1966 until he died last week of cancer at age 62, in a Bucharest sanitarium where he had gone for treatment, Nkrumah had lived in exile...

Author: /time Magazine | Title: AFRICA: Death of a Deity | 5/8/1972 | See Source »

...Died. Kwame Nkrumah, 62, deposed first President of Ghana and leader in Africa's anti-colonialism movement (see THE WORLD...

Author: /time Magazine | Title: Milestones, May 8, 1972 | 5/8/1972 | See Source »

...them, Newfoundland is going to need a Premier.' " And that, as Joey Smallwood liked to confide at political gatherings, was more or less how he came to be called, in one of his favorite phrases, "the Only Living Father of Confederation." Others prefer to describe him as the "Kwame Nkrumah of Newfoundland." Until he retired last week from the province's Liberal Party leadership after 23 years of almost absolute power, Smallwood was one of the Western Hemisphere's most benign demagogues and Canada's most entertaining politician. As he often...

Author: /time Magazine | Title: CANADA: No More Hurrahs | 2/14/1972 | See Source »

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