Mulungushi is a river (and a small town nearby) in central Zambia which has taken on a symbolic and historical meaning synonymous with the independence and identity of the nation.
In April 1968, Kaunda initiated the Mulungushi Reforms, which sought to bring Zambia’s foreign-owned corporations under national control under the Industrial Development Corporation. Over the subsequent years, a number of mining corporations were nationalised, although the country’s banks, such as Barclays and Standard Chartered, remained foreign-owned.
The Zambian economy suffered a setback from 1973, when rising oil prices and falling copper prices combined to reduce the state’s income from the nationalised mines. The country fell into debt with the International Monetary Fund (IMF), and the Third National Development Plan had to be abandoned as crisis management replaced long-term planning.
Details
- Designer: Gabriel Ellison
- Printer: Harrison & Sons Ltd, London
- Process: Lithography
- Paper:
- Watermark: None
- Perf: 14.5 x 14 (comb)
- Cylinders: Printed in sheets of two panes separated by vertical gutter.
- 1A (Black), 1A (Brown), 1A (Purple), 1A (Cyan), 1A (Yellow)
- 1B (Black), 1B (Brown), 1B (Purple), 1B (Cyan), 1B (Yellow)
- Sheet:
- Quantity:
Cylinders
Sheet Numbers
