Home / Knowledge / News / Textiles / Kenyan govt plans credit facility to cotton farmers
Kenyan govt plans credit facility to cotton farmers
29
Nov '16
In a bid to revive its ailing cotton textile industry, the Kenyan government is planning to provide training and credit facilities to cotton growers. This initiative comes as the manufacturers of Kenya are counting on the growth of apparel exports to US by 5 per cent after the extension of African Growth and Opportunity Act (AGOA) for a period of 10 years.

Post AGOA extension, Kenyan farmers have begun sowing seeds bought from Israel instead of recycling seeds. This is likely to nearly double Kenya's cotton production for next year in comparison to current year.

The government has taken the initiative with a strong demand for lint from domestic mills and also to meet the needs of supply manufacturers exporting clothing and textiles to the US under a preferential trade deal, according to a Bloomberg report.

To attract the global export market, Kenyan government has begun modernisation of Eldoret-based Rivatex textile factory. Earlier this year, Rivatex had received a Sh3 billion loan from the government of India through the Exim Bank to buy a modern textile machine for the factory.

East Africa could potentially export garments worth as much as $3 billion annually by 2025, according to a 2015 McKinsey report. Affordable electricity and cheap labour make Kenya and Ethiopia attractive to investors, according to the report.

In 2015, East Africa's biggest economy had exported clothing valued at $380 million. Brands such as Puma, Walmart, JC Penny, H&M source some of their garments from Kenyan Export Processing Zones, which employ over 66,000 people.

Meanwhile, the regional East African Community bloc is working to revamp the domestic garment market by banning secondhand import of clothes at the end of 2018. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search