Investment

AfDB focuses on fashion industry in Africa

The African Development Bank (AfDB) is focusing on creating jobs for millions of women and youth in Africa. The AfDB has called for the empowerment of small and medium operators in the textiles, apparel and accessories sectors as a deliberate job creation strategy.


Recently, at the Small Business Indaba in Gauteng, South Africa, the AfDB main objective of the Small Business Indaba was to provide small, medium and micro- enterprises (SMMEs) with the tools and network to grow their manufacturing operations to the next level of innovation and job creation.

“Textile and clothing is the second largest sector in the developing world after agriculture. This sector is dominated by SMEs and holds the potential to create jobs for millions of women and youth across Africa,” Emanuela Gregorio, Gender Specialist at AfDB, said at the conference.

“The foundation of any long-lasting venture in Africa depends on the continuous empowerment of regional SMEs and young entrepreneurs. Governments, the private sector and international investors must consider Africa’s young people and SMEs central to the stability of their economies”, the AfDB official adds.

A large percentage of workers in the textile and clothing industry is made up of women. Because it is labor-intensive, it has great scope to offer employment and to transform the lives of many women and youth across Africa.

“In this context, we have developed a flagship initiative named Fashionomics to enable African women and youth operating in the textiles, apparel and accessories sector to develop and grow their businesses,” she noted.

The AfDB launched Fashionomics (the economics of fashion) initiative to increase Africa’s participation in the global textile industry supply chain. Fashionomics is an initiative to support the development of micro, small and medium- sized businesses (MSMEs) operating in the textile, apparel and accessories industry in Africa, with a focus on women and youth empowerment.

SMEs have the great potential of fuelling growth and spur job creation. Today, these small and growing businesses create around 80% of the region’s employment, establishing a new middle class and fuelling demand for new goods and services.

The Bank runs an SME programme designed to support micro, small and medium enterprises. The Bank is closely tracking its role in the continent’s inclusive development through its High-5 agenda (Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the quality of life for the people of Africa).--Press release

Cummings Foundation donates to J.J. Dossen

Cummings Africa Foundation or CAF has donated medical supplies worth US$100,000 to the J.J. Dossen Memorial referral hospital in Harper City, Maryland County - southeast Liberia.


The Foundation is owned by presidential hopeful and Standard Bearer of the Alternative National Congress (ANC), Mr. Alexander B. Cummings. The consignment includes gauzes, bandages, surgery beds, pampers, and respiratory tanks, among others.CAF country director Ms. Fatu Gbedema says the donation is in response to a request from the hospital authorities to Mr. Alexander B. Cummings during a recent visit to the county.

Receiving the consignment on behalf of the hospital, chief administrator Ms. Julian Natt Doe, lauded the Cummings Africa Foundation for the gesture and promised that they will be used for the intended purpose. She says the medical materials would serve the hospital for long period, because their expiry date is 2021.

Madam Doe continues that the hospital looks forward to more donations from CAF and other humanitarian organizations to enable the hospital adequately meet the health needs of patients.

CAF implemented 24 quick impact projects with 25 implementing partners in eighteen months, benefiting about 30,097 persons in the areas of Agriculture, Health, and Education at a cost of US$289,386.00.

The Foundation paid WAEC fees and provided tutorial support for 2,322 pupils from 21 schools across Maryland Country. It also established the Alexander B. Cummings, Jr. modern computer lab at the University of Liberia Fendell Campus, among others.

For her part, Miss Maryland 2017 and Miss Liberia 2nd runner up Goretti L. Itoka, on behalf of young people in the county lauds CAF for the level of support brought to the county health system by the Cummings Africa Foundation, adding that it will enable the hospital to cater to more patients. However, she calls on the hospital authorities at the hospital to ensure that the donations are used for their intended purpose.

-Editing by Jonathan Browne

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