East Africa's recent spree of borrowing globally indeed sparked a carnival of various nations' capital, and now is a crucial phase of capital outflow for many countries, with East Africa, this "eternal iceberg," surprisingly thawing!
Thus, a large amount of speculative money rapidly flowed into East Africa. As for whether the East African Government can repay it, no one doubts this, as East Africa is one of the world's few Great Powers. No matter how much they borrow, it will eventually be repaid.
This has led to a consequence, during 1911 and 1912, East Africa's unplanned economy expanded rapidly, resulting in the sudden emergence of numerous factories.
These factories were mostly built under the guidance of private and international capital, growing wildly. Of course, after the market opened, heavy industry and agriculture controlled by the East African Government also faced impacts.
