GEOGRAPHY AND HISTORY

  Inadequate capital to inset in the industrial sector local investors depend on basic provision from the government and foreign aid and grants which may not be adequate or has too high interest rates. Most industrial suffer from inconsistency in the supply of raw materials due to fluctuation in output especially agricultural raw materials, industries dependent on natural raw materials, e.g. minerals suffer shortage when the mineral deposits decline Most industries face the problem of limited market due to the fact that much of the population is unemployed hence has low purchasing power. The country faces inadequate managerial skills which result in mismanagement and embezzlement of funds and unnecessary spending. There is the problem of poor transport and communication which hinder transportation of raw materials to factories and industrial goods to the market. The country faces the problem of insufficient and expensive power supply which hinders industrial development especially ...

  Economic Growth: Trade creates numerous job opportunities through the several industries set up to meet the demand of various goods. A high demand of certain goods encourages specialization in production, which lead to high quality of goods Foreign exchange: Through international trade a country is able to acquire foreign currency which enables the said country to import goods from other countries. Industrial growth: Goods with a high demand stimulate industrial growth because several manufacturers compete to put up industries to meet the demand. Source of revenue: Trade generates revenue to a country through taxation of commodities and services rendered. Sales tax and other custom duties are some of the ways of raising revenue for a country. Development of Infrastructure: Trade usually demands good transport facilities, as this enables goods to reach their destination in good time. Employment opportunities. Trade creates employment opportunities in the industries that are establ...