of Barclays Bank, Sir Frederick Seebohm, spoke for many affected companies when he remarked that: Whilst the banks could use their political clout to achieve a better settlement, local Asian firms which had none of the same sort of leverage were left deeply unhappy, and many threatened to leave. They feared the move was part of a long transition to remove them from whole lines of business. In this way, the pronouncement contributed to Asian support of Obote's overthrow by Idi Amin in 1971. It has also been suggested that the strong anti-foreign sentiments illustrated by the pronouncement helped motivate foreign support for Amin's coup; declassified papers seem to support this. In any event, Amin disliked the socialist attitude demonstrated by his predecessor; the pronouncement was soon revoked and in some industries the government refrained even from controlling stakes, though Africanisation was completed with the expulsion of Asians and later British holdings. References Political history of Uganda Socialism in Uganda 1970 documents