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Garmenting

opportunity

Invest in domestic garment manufacturing to tap into Africa's young, fashion-conscious population! Reduce import reliance and capitalize on a rapidly growing domestic fashion market.

Invest in domestic garment manufacturing to tap into Africa's young, fashion-conscious population! Reduce import reliance and capitalize on a rapidly growing domestic fashion market.

Garmenting by-product markets
Baby & Children's Clothing

Baby & Children's Clothing

Uniforms & Workwear

Uniforms & Workwear

High-Fashion Clothing

High-Fashion Clothing

Sportswear & Functional Garments

Sportswear & Functional Garments

Textile Scraps For Industrial Use (Insulation, Stuffing)

Textile Scraps For Industrial Use (Insulation, Stuffing)

Upcycled Textile Products

Upcycled Textile Products

GARMENTING BUSINESS ADVANTAGES IN AFRICA
  • With a growing youth population of over 700 million,  African apparel consumption is projected to reach $56 billion by 2025. This creates a multi-billion dollar market for locally produced, trendy garments.

  • Africa currently relies heavily on imported garments, with an estimated $31 billion spent annually. Investing in domestic garment manufacturing fosters import substitution, leading to more affordable clothing options for consumers and a reduction in foreign exchange outflow.

  • A 2023 survey revealed that 65% of African consumers are willing to pay more for clothing produced with sustainable practices. Invest in ethical and environmentally conscious garment manufacturing practices that resonate with the growing consumer demand.

  • Partnering with e-commerce platforms will provide a direct sales channel and leverages the growing trend of online shopping, with African e-commerce sales projected to reach $300 billion by 2030.

Garmenting
Investment Zones
Latest Insights
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June 6, 2024

Vice-President of Benin Republic Visit Textile and Cashew units at GDIZ Benin

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Aug. 23, 2024

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Nov. 6, 2024

ARISE IIP, Afreximbank and Rieter Sign Framework Agreement for Africa Textile Renaissance Plan

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