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Wednesday 1st of February 2023

Nairobi, Kenya

The Journey of African Fashion to the global market

On November 19th 2020, the Intra-African Trade Fair (IATF2021), will present an expert panel discussion focused on African Fashion: The Journey to the Global Market.

This online event, designed for the emerging African Fashion sector is part of a series of digital events supporting the creative programme that will take place at the second edition of the Intra-African Trade Fair (IATF2020) in Kigali, Rwanda, from September 6th to 12th, 2021, under the theme “Building Bridges for a Successful AfCFTA”.

 

It will be presented by The African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the Government of the Republic of Rwanda. IATF2021 will include a comprehensive creative programme with fashion being a key pillar.

The conversation will focus on some of the key links in the fashion value chain, specifically  creativity (and protecting it through IP policy), global reach and distribution, and access to finance.

A range of successful fashion icons on the panel will share their journeys to global success through this filter, unpacking how they were able to secure the financing and global reach to support their creative visions.

The panel will also include representatives from Afreximbank and The African Development Bank. They will provide further insights on how the sector can access some of the resources required to build the monetisation ecosystem in this viable sector.

This engaging and interactive discussion is aimed at emerging fashion entrepreneurs across the fashion industry value chain and is free to attend, although pre-registration is essential.

Panellists

Kibonen Nfi – Founder & Creative Director KibonenNY

Lulu Shabell – Co-Founder African Youth Mentorship Network

Emanuela Gregorio – Economist and Fashionomics Africa Coordinator at the African Development Bank Group

Abisade Adenubi – Founder and CEO of Heritage Apparels

Register here for live webinar 

Content courtesy of Intra African Trade Fair & Nairobi fashion hub 

A fund for African Fashion

Roberta Annan, a Ghanaian businesswoman, launched the African Fashion Fund in 2011 to improve access to finance and infrastructure for artisans and creatives from across the continent. She insists that sustainability cannot be limited to only the materials used in producing beautiful things; it should also drive fair wages and economic empowerment especially for women.

Roberta Annan is an award-winning businesswoman. She was the youngest African to be inducted into the African Leadership Hall of Fame.

Since its inception, the Fund has offered US$5,000 grants to artisans to help them scale up production and gain access to markets, emphasizing women-led brands, that include a cosmetics company and an artisanal chocolate producer.

“We must use the COVID pandemic as an opportunity to redefine sustainability  not just for Africa but for the world,” she said from her home in Accra, Ghana. “There is luxury in our natural environments, and we have the chance to build a business model around the beauty of that luxury.”

While not minimizing the impact of COVID on business, Annan and her colleagues at the Fund are determined to use it as an opportunity to accelerate a plan that was already in progress to make a deliberate push into e-commerce. A digital platform is already in place; all that is needed is a global distribution chain to get wares from the continent to buyers across the globe.

The Fund has also teamed with one of the original artisans who benefited from seed grants to bring portable, foldable looms to 130 villages in Ghana and Nigeria, which will provide an entrepreneurial opportunity to women’s cooperatives to weave and sell textiles.

“It is critical that the artisans who own the craftsmanship have an opportunity to bring the world to them, rather than it being co-opted,” she said. “We are generating demand for creative outputs from Africa, but on African terms.”
From August she will be coordinating and leading a US$100 million Impact Fund for African Creatives that provides venture capital for growth for African entrepreneurs looking to take their businesses to scale, with an emphasis on those using sustainable materials and adhering to responsible business practices.

This kind of investment in African industry brings with it the opportunity “to press the reset button,” said Annan. “We are aligning back to the soul and focusing on people and planet while also making profit.”

Another benefit is the opportunity to be at the forefront of discussions between the private sector and governments, to drive policy changes to open markets and encourage innovation.

“Foreign direct investment gets to do that, so why not us too?” said Annan. “The future lies with us, and we have the opportunity to demonstrate that you can make a profit while also having social impact.”

Content courtesy of  UN Environment   & African Fashion Foundation

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