Finance

Benin: African Development Bank, government and stakeholders explore strategies to boost the textile sector

Benin: African Development Bank, government and stakeholders explore strategies to boost the textile sector
Friday, 10 March 2023 09:14

The African Development Bank Group's country office in Benin held a workshop on the challenges facing the country’s textile industry and how to build the capacity of stakeholders to develop value chains.

The workshop drew fabric producers, dyers, stylists, designers, embroiderers, seamstresses, consumers, support function professionals, and value chain professionals, representatives of textile associations and government representatives.   The aim was to understand the needs and expectations of the textile manufacturing ecosystem and to incorporate local actors into value chains for mass-production of textiles.

Intérieur

"This workshop fits perfectly into the dynamics of structural reinforcement of the textile industry in Benin and the logic of consuming locally made products," said Dario G. Ebo Sacramento, Deputy Director of the Cabinet of the Ministry of Industry and Trade during the workshop. "This is a sector which offers many opportunities at all stages of the value chain. The project for the industrialisation of small-scale clothing in Benin, proposed by the African Development Bank, is part of the innovation movement with high added value for the Beninese consumer, which the government is trying to promote within the Beninese industry," he added.

The African Development Bank Group's Benin country manager, Robert Masumbuko, said, "the workshop is a step towards helping Beninese small and medium-sized enterprises to structure themselves and pool their efforts to support the dynamics set up by the Beninese authorities in favour of the development of the textile industry, through local mass production.

Private sector development is among the bank’s priority areas in Benin for the 2022 2026 period. The aim is to support the transformation of agriculture and industrial development in the country.

"It is in the interest of all stakeholders in the Beninese garment industry that the textile sector be governed by international norms and standards so that production is attractive and meets the needs of local consumers as well as the increasingly pressing demand which comes not only from outside the country but also from outside the continent,” said Nadia Adanlé, founder of Couleur Indigo, an indigo dyeing company which employs a majority of people with disabilities. Adanlé is also a member of Benin's Chamber of Crafts

According to the government, the country’s textile industry has the potential to become one of the country's major employers. The local market is expected to grow remarkably in the coming years,.

In addition to collecting qualitative data from stakeholders on the needs of private and public operators, the workshop also provided an opportunity to propose an alternative to importation of lower quality clothing and textiles.

in addition to the mass production of textile products, the expectation is that the initiative should also lead to the implementation of a mutually beneficial production model that is accessible and financially profitable for local consumers while also satisfying demand for exports.

logo BAD

On the same topic
DRC launches campaign to diversify investors in government securities 98% of bonds now held by banks; aim is to reduce risk and broaden...
Verdant Capital has invested $3 million in Nigerian fintech Bfree to help recover distressed loans in Africa. The deal will allow Bfree to...
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200 Foreign reserves fall by $3.5 billion in six...
Most Read
01

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...

WAEMU Sees Easing Conditions on Regional Interbank Market
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

As cybersecurity asserts itself as a pillar of digital sovereignty in West Africa, technology-free z...

Cybersecurity Key to Côte d'Ivoire's Tech Future– VITIB's N'ZI
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.