Winner of the Noma Award for Publishing in Africa 1994. The jury cited the book as "an ambitious, skilfully written, and exhaustively researched synthesis of African economic history in the 19th century." The citation goes on to say that "the book is an exercise in convincing challenge to hitherto accepted orthodoxies, terminologies, and interpretations, outstanding, pioneering work, destined to become highly influential, and providing such a wealth of information and details as to elevate the study of African economic history to a new pedestal."