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
Banks in the West African Economic and Monetary Union hold excess reserves more than three times the regulatory minimum. The Central Bank of West...
Nedbank launches $852M tender offer for 66% of Kenya's NCBA Shareholders holding 77.5% of capital have committed irrevocably Nine...
Draft law allows foreign insurers to enter market under ownership limits Foreign stakes capped at 40% per firm and 49% combined Reform aims...
AfDB provides €5 million guarantee to secure trade finance operations Facility targets SMEs and key imports, including essential...
Most Read
01

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
02

From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...

Weekly Health Update | Africa Steps Up Pandemic Preparedness as Health Sovereignty Takes Center Stage
03

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
04

Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...

Ecobank's Quiet Inclusion in the AfDB Mission Reshapes the Abidjan-Lagos Corridor Story
05

Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...

Chinese Automaker Jetour to assemble SUVs in South Africa from 2027
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.