“Fashion is far more than a form of expression. It is an economic powerhouse. The global fashion industry is valued at approximately $2.5 trillion.
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“Despite this heritage, it is deeply ironic that many of the fabrics we cherish, such as Ankara, are predominantly produced outside Africa. Nearly 90% of the Ankara consumed on our continent is imported, leading to an annual loss of approximately $3 billion to foreign manufacturers. We must change this. We must reclaim our fashion narrative by strengthening local production capacities and ensuring that the benefits of this vibrant industry remain within our borders”.
“Investments in fashion will create millions of jobs, particularly for women and youth. By expanding local production, we will not only add value within our borders but also position Africa as a global hub for fashion. The session also featured a panel of discussants including Pamela Samasuwo-Nyawiri, Co-founder & Creative Director, Vanhu Vamwe from Zimbabwe, Santosh Kumar, Director of Legislation, International Cooperative Alliance from Belgium, Kenza Fourati, Co-Founder & President, OSAY the label from Tunisia, Khanyi Mashimbye from Afreximbank, Lily Sommer, Programme Manager – AfCFTA, International Trade Centre and Adel Kadar, Head, Weaving Production, TAYAL from Algeria.
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