The Company of Adventurers of London Trading to the Ports of Africa , more commonly known as " the Guinea Company ", was a private joint stock company founded to trade in Africa for profit. It was a trading company trading in slaves, and redwood (used for dyes) from the western Africa (today parts of Guinea and Sierra Leone ). At its height, the Guinea Company owned and operated fifteen cargo ships.
16-633: African Company may refer to: Guinea Company (London) , also known as the Company of Adventurers of London Trading to the Ports of Africa Royal African Company , 17th- and 18th-century English chartered company mainly active in the Atlantic slave trade African Company of Merchants , 18th- and 19th-century British Chartered Company in the Gold Coast of Africa, successor of
32-789: Is Alexander Kwamina Afenyo-Markin . From pre-colonial times through the establishment of the British colony the Gold Coast , (Effutu) Winneba served as a port town . Fort Winneba was built here. The people of Winneba ( Efutu ) were led by their fearless spiritual leader and warrior , Kwamena Gyarteh Ayirebi-Gyan with the support of a large youthful militia called the Asafo Groups made up of both men and women. He ensured that his people were well protected from external attacks by other migrating families, clans , diseases or want of food . The main industries of Winneba are fishing and services . It
48-611: Is a bushbuck hunting festival celebrated by the people of Winneba in the Central Region of Ghana . The name Aboakyer translates as 'hunting for game or animal in Fante dialect as spoken by the people of the Central region. The institution of the festival was to commemorate the migration of the Simpafo (the aboriginal name of the people of Winneba). The Aboakyer Festival is being celebrated by
64-416: Is different from Wikidata All article disambiguation pages All disambiguation pages Guinea Company (London) King James I in 1618 granted the company a 31-year monopoly on the exportation of goods from West Africa to be imported into England . In 1624 Parliament declared The Guinea Company's monopoly a grievance, despite the company suffering from financial difficulties. However, it
80-409: Is estimated that Nicholas Crispe and his company made a profit of over £500,000 through the gold they had collected within the 11–12 years after 1632. In 1640, Nicholas Crispe and his trading company had once again been put under political pressure from England. In 1640, parliament ordered him to give up his monopoly on Guinea. And it was in 1644 when his of the company were taken away, and the company
96-707: Is held every new year among the people of Winneba. Its attracts a large number of tourists from around the world. It is the second most popular festival in Winneba. The festival is held in a football park at the North campus of the University of Education, Winneba by the five main masquerade groups. They come together and compete amongst themselves to select the winner for the trophy. These groups consist of Nobles as number one, Egya as number two, Tumus as number three and Red Cross as number four and Royals as number 5. Aboakyer festival
112-840: Is known for the Aboakyer deer -hunting festival in Winneba and its New Year fancy dress carnival/masquerading festival . The town has a rich musical tradition and currently boasts of several renowned musical groups in the country, including the Winneba Youth Choir, the Osimpam Ompeh group, and the Akoo show Choir. Winneba Senior High School is the only major public secondary cycle educational institute available in this town. The University of Education, Winneba has its three main campus in Winneba (South Campus, Central Campus, and North Campus). Masquerade festival, popularly known as fancy dress,
128-502: The " Company of Merchants Trading to Guinea ". Like the first charter in 1618, this too was for 31 years, but it was from Cape Blanco to the Cape of Good Hope . While it may seem to outsiders as a completely new trading company, it was not. Much of the members were in fact associated with The Guinea Company, including Nicholas Crispe. By creating a new name for themselves, it gave them more opportunities in expanding their industry, particularly in
144-503: The Eastern part of Sierra Leone as a means for gathering gold. In 1632 gold factories (trading posts) were made in Komenda, Kormantin, and Winneba . Up until the year 1650, three additional factories followed: Anomabu , Takoradi , and Cabo Corso . Along with gold as the main source of income, ships were sent east to Benin to retrieve cloth where it would be brought back and sold for gold. It
160-617: The above African Grove , theatre founded and operated by free African Americans in New York City in 1821 Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title African Company . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=African_Company&oldid=1065014726 " Category : Disambiguation pages Hidden categories: Short description
176-467: The building of trading forts on the Gold Coast of Komenda and Kormantin . The king, James I, saw them as a great value to future of England–Africa trade. The Guinea Company had touched on many different trades, one of which was gold, which in the beginning was its primary objective. Between 1618 and 1621, three expeditions were made up the Gambia River to collect gold. No profits were made, and after
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#1732847981677192-444: The company also appears to have been involved in the trade of enslaved Africans. Winneba Winneba is a town and the capital of Effutu Municipal District in Central Region of South Ghana . Winneba has a population of 60,331. Winneba, traditionally known as Simpa , is a historic fishing port in south Ghana, lying on the south coast, 140 kilometres (90 mi) east of Cape Coast . The current member of parliament
208-556: The people of Effutu, who were among the earliest settlers of Ghana, for an uncountable number of years. It sprang up when the Effutu people departed from Western Sudan and journeyed to the present town of Winneba in the Central Region of Ghana. They came with their god, known as Penkye Otu. Winneba has a number of neighborhoods stretching from coastal areas to non-coastal areas. It also includes rural areas which provide farm power aside from
224-465: The third trip the company accumulated a loss of £5,600, which was a great deal of money during this era as Nicholas Crispe had purchased the majority of the company's shares for less than £800. After Crispe had failed in leading the company in finding gold along the Gambia River, it resorted to the collection of redwood from Sierra Leone as its main export. In 1631 a new charter was formed and granted to
240-504: Was later handed on to merchants who supported the parliament. The achievements of the Guinea trade company have for the most part been unappreciated and gone unacknowledged. They played a significant role in the history of trade and development all along the west coast of Africa. As well as bringing in England into the gold trade through the Gold Coast. According to British parliamentary records,
256-446: Was not until seven years after being founded and a year after parliament's opposition when Nicholas Crispe became the principal organizer and profiteer in 1625. With this newfound success, it also brought along a more resounding impression of objection from England. The Guinea Company had a great deal of growth with Nicholas Crispe, who had become the controlling stock holder in 1628. Nicholas Crispe got most of his royal support through
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