Public Management

Afreximbank and Portugal’s ANJE partner to promote Africa’s textile and manufacturing sector

Wednesday, 21 July 2021 17:51
Afreximbank and Portugal’s ANJE partner to promote Africa’s textile and manufacturing sector

(Ecofin Agency) - The African Export-Import Bank (Afreximbank) announced a three-year partnership with Portugal’s National Association of Young Entrepreneurs (ANJE - Associação Nacional de Jovens Empresários) to support Africa’s fashion apparel and textile manufacturing sector.

The partnership is in line with Afreximbank’s Creative Africa Nexus (CANEX) program launched last year to organize a series of events in the run-up to the Intra-African Trade Fair 2021, which will take place in Kigali, Rwanda.

“We believe that the vast creative talent pool on the continent is an opportunity to accelerate Africa’s economic transformation. Through CANEX, the Bank is providing tangible support for the development of an ecosystem to monetize the creative sector and increase its contribution to Africa’s economy under the African Continental Free Trade Area (AfCFTA). I thank ANJE for its visionary and bold leadership. Afreximbank is pleased to partner with them to undertake this transformational initiative for Africa’s fashion apparel and textile manufacturing industry,” said Prof. Benedict Oramah, President of Afreximbank.

According to Fashionomics Africa, an initiative launched by African Development Bank Group (AFDB), the sub-Saharan Africa apparel sector faces challenges that are common throughout the continent; African textile production facilities are absent in most countries since they need more investment than clothing facilities, and Small-scale producers and designers are unable to access industrial production.

Both partners in the long term aim to attract more investment opportunities into the textile sector while developing the technical skills of players in the industry. Speaking in this light, Manuel Mota, Vice President of ANJE said: “The creative industries in Africa have immense potential to become key drivers for economic growth and I believe this initiative will have a positive and sustainable impact. It is a privilege for ANJE to host and work together with Afreximbank on this important milestone.”

Statistics from AFDB show that the fashion industry globally, in the next ten years, is expected to grow at a double pace thereby generating about $5 trillion annually. This presents a great opportunity for Africa to expand at all levels of the value chain - from design to production to marketing.

Solange Che

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.