African & Eastern Trade Corporation
The African and Eastern Trade Corporation was incorporated in Liverpool in 1919 and had establishments in several British Empire's African Crown colonies. It was established from the merger of the African Association and other colonial trading firms.[1]: 186
It served in the Congo side by side with the British Consulate as a semi-official representative for British trading interests in that Colony. Both Huileries du Congo Belge (HCB) and the African and Eastern Trade Corporation employed a number of English-speaking employees of both European and African origin.[citation needed] In 1929 the corporation merged with the Royal Niger Company (both owned by Lever Brothers) forming a new trading enterprise, the United Africa Company Limited (UAC).[2]: 91
The African and Eastern Trading Corporation was also a large share owner in the Ashanti goldfield in the Gold Coast, as well it had a shipping line. By 1930 the merged United Africa Company was having financial difficulty and had suffered large losses, mainly because of the African and Eastern Trade Corporation component being unable to bear its half-share of the UAC losses. By this time the parent company Lever Brothers had amalgamated with the Margarine Union to form the company known as Unilever. Unilever came to the rescue with millions of pounds, in return for which Unilever took over the conglomerate of companies.[citation needed]
See also
[edit]
References
[edit]- ^ Rönnbäck, Klas; Broberg, Oskar (2019-07-11). Capital and Colonialism: The Return on British Investments in Africa 1869–1969. Springer. ISBN 978-3-030-19711-7.
- ^ Jones, Geoffrey (2002-03-07). Merchants to Multinationals: British Trading Companies in the Nineteenth and Twentieth Centuries. OUP Oxford. ISBN 978-0-19-153046-3.
External links
[edit]Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.
