Trade Hub speaks on sustainable growth in Africa at AIF

03 May '14

2 min read

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

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