Explains reasons that made Imperial British East Africa company (IBEAC) to surrender its chatter to Britain in 1894.

Answer:

-The company lacked the capital required for general administration.
-Lack of enough skilled and experienced administrators
-Transport and communication problems made transport of goods low and expensive.
-Scarcity of natural resources-like gold and rubber.
-Lack of co-ordination between the company offices in Europe and their agents in Kenya made it
hard to administer the colony effectively.
-There existed very little trade between the interior and the coast mainly because of poor transport

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