Public Management

Senegal to Ban Exports of Raw Textile Materials

Senegal to Ban Exports of Raw Textile Materials
Tuesday, 10 December 2024 15:27

Senegal is one of the West African countries where cotton production plays a significant role in the economy. As the country works to revive its textile industry, it is implementing measures to better organize the marketing of raw materials within the sector.

Senegal plans to ban the export of raw textile materials, according to Serigne Guèye Diop, the Minister of Industry and Trade. The announcement was made on December 9 during a meeting organized by the German Federal Ministry for Economic Cooperation and Development (BMZ) with private sector entrepreneurs supported under the "Invest For Jobs" program. This initiative, active in eight African countries, promotes investments and job creation across various industries.

Minister Diop explained that the ban aims to protect local textile and clothing businesses while fostering the growth of Senegal’s domestic textile industry. However, he noted that achieving this goal would require effective policy measures.

Cotton, Senegal’s main raw textile material, is the country’s third-largest agricultural export after fish products and groundnuts. According to data from the National Agency for Statistics and Demography (ANSD), cotton exports brought in CFA12.5 billion ($20.1 million) in 2022.

The U.S. Department of Agriculture (USDA) projects that Senegal will export nearly all its cotton production to international markets during the 2024/2025 season. The USDA also reported that Domitexka, a local textile company based in Kaolack, could begin purchasing cotton as part of its plans to restart textile processing operations in 2025.

Senegal’s seed cotton harvest is expected to increase by 7.5%, reaching nearly 14,000 tons in the 2024/2025 season, according to estimates from the Regional Integrated Cotton Production Program in Africa (PR-PICA).

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BGFIBank Cameroon raises capital from 20 to 50 billion CFA Move exceeds new CEMAC minimum capital requirement Reform aims to boost resilience, expand...
EIB invested 3.1 billion euros in Africa 2025 About 46% allocated to climate, sustainability projects Funding aligned with EU Global Gateway...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on research, feasibility and investment support for SMEs and...
IFC plans to invest up to $52 million in a microfinance group operating in Kenya, Uganda and Tanzania. The funding will support local...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
03

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
04

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
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


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.