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Société française de l'Afrique équatoriale
The Société française de l'Afrique équatoriale (French for "the French Equatorial African Association"), fully the Société française de l'Afrique équatoriale, Niger, et Benoué, was a 19th-century colonial French company involved in the palm oil trade in Nigeria.
The company was founded in 1878〔Eyffinger, Arthur. (''Cour internationale de Justice, 1946–1996'', p. 247. ) Martinus Nijhoff Publishers, 1999. Accessed 5 Apr 2014. 〕 by the Parisian firm Huchet & Desprez with a capitalization of 800 000 F.〔''Génie Civil'', p. 223.〕 It first agents in Nigeria was the explorer Charles, Comte de Semellé (1815–1896); after his retirement in 1880, he was succeeded by Commandant Mattei of the French army. Along with the Senegal Company, the SFAE received subsidies from the Léon Gambetta administration and was intended to establish French claims on the lower Niger.〔McPhee, Allan. (''The Economic Revolution in British West Africa'', pp. 75 ff ). Frank Cass & Co. Ltd. (Abingdon), 1926 and reprinted 1971. Accessed 4 Apr 2014.〕 At its height, it operated 19 trading posts along the Niger and Benue.〔Gantly, Patrick & al. (''Histoire de la Société des Missions Africaines (SMA), 1856–1907: de la fondation par Mgr de Marion Brésillac (1856) à la mort du Père Planque (1907)'', Vol. 1, pp. 473 ff. ) Karthala, 2009. Accessed 5 Apr 2014. 〕 Following a years-long price war and Gambetta's death in 1882, the company sold its interests in the region to the British United African Company in October 1884.〔Geary, Sir William Nevill Montgomerie. (''Nigeria under British Rule'', pp. 174 ff ). Frank Cass & Co, 1927. Accessed 5 Apr 2014.〕
==References==
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