Word: nkrumah
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Dates: during 1960-1969
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...case this project did not come off, Nkrumah had another dazzler up his sleeve. Back from a trip to Bamako, capital of poverty-stricken, landlocked Mali (pop. 4,500,000), he proudly announced the formation of another union. Hence forth, he said, the Ghana and Mali parliaments would meet jointly, to promote the growing unity movement in Africa-though the two countries have no common border or language. It was onward and upward for Osagyefo...
Seeking to divert attention from this humiliation. Nkrumah fired off a note to U.N. Secretary-General Dag Hammarskjold charging the U.S., Britain and France with supporting a Belgian effort to regain control of the Congo. Then he advised the U.N. haughtily that he had proposed to nine other African nations* the formation of an independent African military command to handle such difficult assignments in the future. Since he had not invited such unsympathetic nations as Nigeria (most populous country in Africa) or those of the French Community (except for Mali), he avoided the risk of a mass rejection; but even...
...words ringing in his ears, Nasser sent cultural missions to all the new black nations and appointed vigorous Ambassador Murad Ghaleb as Cairo's man on the board of the Congo's informal Diplomatic Society for the Preservation of Patrice Lumumba. But last week, soon after Kwame Nkrumah's Ghanaian charge d'affaires was thrown out on his ear for overzealous tinkering in local affairs, the Congo's President Kasavubu bluntly invited Nasser to withdraw the U.A.R.'s plotting Ghaleb and staff as well. Astonished at this ingratitude, Nasser turned to an old Cairo...
...steamy banks of Ghana's crocodile-infested Volta River seemed an unlikely place to make a major test of Western investment faith and prospects in the new, fiercely nationalist countries of Africa, but so it was. Meeting in Accra, President Nkrumah's Ghana government and a consortium of aluminum companies headed by U.S. Aluminum Maker Edgar Kaiser signed a historic agreement. Under the deal, Kaiser will raise $178 million to build an aluminum smelter. Ghana will supply the power by building a $168 million dam on the Volta River. "It could mean to Ghana what...
...Kaiser's consortium, the Volta Aluminium Co. Ltd. (VALCO),* will fare in raising $178 million in private money to build the smelter. Although the Ghana government has given VALCO a written promise that it will not expropriate the Volta plant once it is built and running, President Nkrumah is a volatile nationalist and neutralist dealing with both East and West, and there are segments of his Cabinet that favor outright nationalization of all Ghanaian private enterprises. As a precaution for its U.S. and foreign private investors, VALCO will take out International Cooperation Administration insurance against nationalization hazards...