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Identify economic factors that led to the scramble for colonies in Africa

Identify economic factors that led to the scramble for colonies in Africa

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John
i) Speculations that Africa had plenty of minerals

ii) Need to invest their surplus capital in Africa.

iii) Need for cheap labour which was available in Africa to produce raw materials for their industries

iv) Ready market in Africa for their manufactured goods

v) Need for cheap raw materials from Africa for their industries.
johnmulu answered the question on April 26, 2017 at 08:28

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