What factor accounts for the slow rate of industrial development in Tropical Africa?

Answer Details

One of the factors that account for the slow rate of industrial development in Tropical Africa is the inadequate capital. Capital is the money and resources needed to start and sustain a business, and without it, industrial development cannot happen at a significant pace. Inadequate capital can prevent businesses from investing in modern equipment and technology, hiring skilled labor, and expanding their operations. Furthermore, inadequate capital can also prevent businesses from accessing the resources they need to grow, such as loans and investment capital. Thus, without adequate capital, the growth and development of industries in Tropical Africa can be significantly hindered.