How Europe Underdeveloped Africa. Walter Rodney 1973
Kabaka – the hereditary ruler who often functioned as a British agent in
Uganda.
To ensure that at all times the profit margin was kept as high as possible, the trading firms found it convenient to form ‘pools’. The pools fixed the price to be paid to the African cultivator, and kept the price down to the minimum. In addition, the trading companies spread into several other aspects of the economic life of the colonies, in such a way as to introduce several straws for the sucking out of surplus. In
Morocco, to give one example, the Compagnie General du Maroc
owned large estates, livestock farms, timber workings, mines, fisheries,
railways, ports and power stations The giants like CFAO and UAC also
had their fingers in everything. CFAO’s interests ranged from
groundnut plantations to shares in the Fabre & Frassinet shipping line.
The people of Ghana and Nigeria met the UAC everywhere that they
turned. It controlled wholesale and retail trade, owned butter factories,
sawmills, soap factories, singlet factories, cold storage plants,
engineering and motor repair shops, tugs, coastal boats, etc. Some of
those businesses directly exploited African wage labour, while in one
way or another all operations skimmed the cream produced by peasant
efforts in the cash crop sector.
Sometimes, the firms which purchased agricultural products in Africa were the same concerns which manufactured goods based on those agricultural raw materials. For instance, Cadbury and Fry, the two foremost English manufacturers of cocoa and chocolate, were buyers on the West African coast, while in East Africa the tea manufacturing
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