Cairo to Kisumu : $b Egypt—The Sudan—Kenya ColonyCarpenter, Frank G. (Frank George)
History
Cairo to Kisumu : $b Egypt—The Sudan—Kenya Colony
Carpenter, Frank G. (Frank George)
Egypt -- Description and travel; Kenya -- Description and travel; Sudan -- Description and travel
The greater part of the foreign population of Egypt is to be found in
Alexandria and Cairo, and in the other towns of the Nile valley, as well
as in Suez and Port Said. There are more of the Greeks than of any other
nation. For more than two thousand years they have been exploiting the
Egyptians and the Nile valley and are to-day the sharpest, shrewdest,
and most unscrupulous business men in it. They do much of the banking
and money lending and until the government established banks of its own
and brought down the interest rate they demanded enormous usury from the
Egyptian peasants. It is said that they loaned money on lands and crops
at an average charge of one hundred and fifty per cent. per annum.
This was changed, however, by the establishment of the Agricultural
Bank. The government, which controls that bank, lends money to the
farmers at eight per cent. to within half of the value of their farms.
To-day, since the peasants all over Egypt can get money at this rate, the
Greeks have had to reduce theirs.
The Italians number about forty thousand and the French twenty thousand.
There are many Italian shops here in Alexandria, while there are hundreds
of Italians doing business in Cairo. They also furnish some of the best
mechanics. Many of them are masons and the greater part of the Aswan Dam
and similar works were constructed by them.
There are also Germans, Austrians, and Russians, together with a few
Americans and Belgians. The British community numbers a little over
twenty thousand. Among the other foreigners are some Maltese and a few
hundred British East Indians.
Public-domain text, read in full here on John Shaqi.
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