Home / Knowledge / News / Textiles / Trade Hub speaks on sustainable growth in Africa at AIF
Trade Hub speaks on sustainable growth in Africa at AIF
03
May '14
The Trade Hub was a key contributor at the Africa Investment Forum conference and exhibition that took place from April 8–10 in Addis Ababa, Ethiopia. This three day event gave investors and representatives from various industries and governments a venue to discuss increasing economic activity in Africa. 
 
The main goal was “to promote sustainable growth across the continent, and at the same time help companies in industrialized countries benefit from and contribute to this growth.”
 
The forum highlighted the success of African economies in the last decade while providing expert speakers to advise investors on how they could take advantage of the current and future economic opportunities on the continent. 
 
The Trade Hub and the African Cotton and Textile Industries Federation (ACTIF) provided experts in the cotton, textile and apparel (CTA) sector to promote East African manufacturers and inform investors on how they could take advantage of the African Growth and Opportunity Act (AGOA). 
 
The theme of the Trade Hub-led panel discussion was that now is the time for the textile and apparel industry in Africa. Not only can investors take advantage of the benefits that AGOA provides, but they can also tap into some of the fastest growing economies in the world. Nearly $5 billion worth of apparel business is expected to leave Asia in the next decade – a huge opportunity for Africa.
 
In private meetings, the Trade Hub met with US retailer Philips Van Heusen and other apparel investors to promote the Trade Africa initiative and the benefits of doing business in Africa under the AGOA act.

USAID East Africa Trade Hub

Must ReadView All

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Textiles | On 28th Feb 2017

Over 100 exhibitors expected to participate in IATF

Over a 100 exhibitors are expected to showcase their products at the...

Apparel/Garments | On 28th Feb 2017

Q4FY17 operating income drops 8% at L Brands

Operating income at apparel brands marketer L Brands decreased 8 per...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search