• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

AfDB moves to boost fashion SMEs, launches digital marketplace 

Chidinma Nwagbara by Chidinma Nwagbara
December 11, 2019
in Business News, Small Business
AfDB moves to boost fashion SMEs, launches digital marketplace
Share on FacebookShare on TwitterShare on Linkedin

In a bid to promote the African fashion industry, the African Development Bank (AfDB) has launched an initiative tagged the Fashionomics Africa Digital Marketplace.

The initiative is under Fashionomics Africa and was designed to help Micro, Small and Medium-sized Enterprises in fashion such as African fashion designers, textile manufacturers, and accessories professionals. Specifically, the initiative will help to connect eligible fashion entrepreneurs to global markets.

The digital marketplace was launched at the Global Gender Summit which took place in Kigali, Rwanda. The event saw the gathering of bank executives, government representatives, and private sector leaders from all over the world.

RelatedStories

Wale Edun pushes finance ministry directors to deliver 7% GDP growth 

FG to concession major national projects to repay loans – Finance minister 

May 30, 2025
AfDB, AI

AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments 

May 29, 2025

[READ MORE: Trade Financing: AFDB agrees 3- year $250 million deal with ABSA]

Speaking during the launch, the AfDB’s Vice-President for Agriculture, Human, and Social Development, Dr Jennifer Blanke, said that the aim of the initiative is to connect businesses to consumers, thereby transforming the clothing and fashion industry in Africa. ThisDay quoted her as saying the following:

“It is the first-ever B2B [Business-to-Business] and B2C [Business-to-Consumer] platform that has ever been created for, micro, small and medium-sized enterprises that are working along this value chain, It is all really for connecting business to business, businesses to consumers and ensuring we are putting into place all we need to really transform the clothing and fashion industries in Africa.”

Entrepreneur, Multiple businesses, Nigeria partners UAE to boost SMEs , US technology company deploys software to ease business process in Nigeria 
A Fashion Designer in a Studio

What you should know: The AfDB’s digital marketplace is the online platform created to enable African entrepreneurs from the textile, apparel, and accessories industries to create and grow their businesses. It has a special focus on opportunities for women and young people. Note that it is both a website and a mobile app.

The Fashionomics Africa digital marketplace and mobile app provide relevant market information such as market prices for textiles and clothing. The aim is to connect suppliers, buyers, manufacturers, and distributors to consumers and investors – to increase access and grow markets. To facilitate trade within Africa and worldwide, the digital marketplace and app operate through secure e-commerce and online payment systems.

Note that the initiative also provides listings of trade conferences, and ultimately aims to encourage transparency in the African fashion sector.

Why this matters: Small businesses have always had the challenge of showcasing their businesses to the reach of consumers. As expected, this has slowed them down because it is not easy to find customers ready to patronise.

The AfDB initiative will, therefore, help in broadening their reach and making it easier for SMEs to be able to reach not only local markets but also regional and international markets. This, in turn, would increase their revenues at a much faster pace.


Follow us for Breaking News and Market Intelligence.
Tags: AfDBFashionomics Africa Digital MarketplaceGlobal Gender SummitSmall BusinessSMEs
Chidinma Nwagbara

Chidinma Nwagbara

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

Related Posts

Wale Edun pushes finance ministry directors to deliver 7% GDP growth 
Economy

FG to concession major national projects to repay loans – Finance minister 

May 30, 2025
AfDB, AI
Economy

AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments 

May 29, 2025
AfDB enters a $1bn exposure exchange agreement with Asian Development Bank
Economy

AfDB projects $39.84 billion decline in foreign funding to Africa by 2025 amid aid cuts 

May 29, 2025
Nigeria’s GDP per capita falls to $824, worse than 1960 levels – AfDB President Adesina
Business News

Presidency disputes AfDB President Adesina’s claim that Nigerians are worse off now than in 1960 

May 5, 2025
Economy

Raw material exports keep Africa poor – AfDB president Adesina says 

April 17, 2025
Business News

Africa receives only $33bn from $650bn IMF SDRs – AfDB president

April 13, 2025
Next Post
Unemployment, Starting early: How innovative partnerships can bridge the skills gap 

Starting early: How innovative partnerships can bridge the skills gap 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Experts warn of debt trap, sovereign default risk as Nigeria’s public debt surged over 1,000% in naira terms in 10 years 
  • Time out in Zamfara by Reuben Abati
  • U.S. House bans WhatsApp from official devices over data security concerns 

Follow us on social media:

Recent News

President Bola Tinubu,

Experts warn of debt trap, sovereign default risk as Nigeria’s public debt surged over 1,000% in naira terms in 10 years 

June 24, 2025
Zamfara govt. to distribute agricultural assets to 19,000 farmers under the FADAMA III project

Time out in Zamfara by Reuben Abati

June 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics