The Fashionomics Africa initiative of the African Development Bank (AfDB), together with the African Union, the AfroChampions initiative, and other institutional partners and private operators, have launched the Pan-African Fashion initiative during the recent AU meetings in Addis Ababa.
Pan-African Fashion initiative is a platform for stakeholder engagement, dialogue, strategy and policies to advance the African fashion industry within the context of the African Continental Free Trade Area (AfCFTA), which aims to remove trade barriers between African nations and thus expand intra-Africa trade by about $35 billion per year. Intra-African imports and exports currently account for just 15 per cent of all trade on the continent.
This partnership would give the African Development Bank, the African Union, the AfroChampions Initiative, the Trade and Development Bank, and other partners the opportunity to inform African entrepreneurs about the expected benefits of the…
