What assets in Africa attracted European interest?

What assets in Africa attracted European interest?

Why were European countries interested in West Africa and North Africa? Both regions were sought because of their raw materials and products: peanuts, timber hides, and palm oil.

What resources attracted the Europeans to Africa?

Some of the natural resources that attracted Europeans to Africa in the 1800s were land for farming, gold and diamonds, ivory, rubber and palm oil.

What factors attracted European imperialists to Africa?

The European imperialist push into Africa was motivated by three main factors, economic, political, and social. It developed in the nineteenth century following the collapse of the profitability of the slave trade, its abolition and suppression, as well as the expansion of the European capitalist Industrial Revolution.

Why was Africa attractive to Europeans?

(i) Africa had abundant land and was rich in mineral resources. Its population was relatively small. (ii) The Europeans were hoping to establish plantations and mines to produce crops and minerals for export to Europe. There was a shortage of labour as Africans were unwilling to work for wages.

Why was the European Union interested in Africa?

Some of the countries that were especially interested in Africa include Britain, France and Portugal. One of the most important issues of interest in Africa was the abundance of raw materials for the industries that had been developing in Europe.

Who are the major foreign investors in Africa?

Africa is continuing to receive a high level of interest as an investment destination from investors from across the globe including Africa, the US, the EU and the BRIC (Brazil, Russia, India and China)countries.

Why is there so much investment in Africa?

The amount and propensity of investment in capital projects in Africa both by the public and private sectors have made the valuation of infrastructure projects an area of growing importance. Infrastructure assets have a unique set of characteristics that set them apart from traditional equity or debt instruments, requiring special considerations.

What are the drivers of investment in Africa?

The importance of growth as the primary driver of investor interest in Africa is again emphasised in the survey. Most respondents (82%) agree or strongly agree that growth is the primary driver of investor interest in African markets. Furthermore, there is a strong drive to diversify away from low-return markets (75%).

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