Africa: A Senegalese Factory Proves Africa Can Spin Its Own Cotton – Can It Find the Money to Keep Going?

Africa: A Senegalese Factory Proves Africa Can Spin Its Own Cotton – Can It Find the Money to Keep Going?

Domitexka’s mill in Kaolack has the markets, the know-how and the partnerships to compete globally. What it still needs — like nearly every manufacturer on the continent — is patient capital. The thread comes off the spool white, clean and taut. Inside the Domitexka workshop in Kaolack, the machines are running: raw Senegalese cotton goes…

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Afreximbank Calls for Decisive Action to Transform Africa’s Cotton Sector and Drive Fairer Global Trade

Afreximbank Calls for Decisive Action to Transform Africa’s Cotton Sector and Drive Fairer Global Trade

African Export Import Bank (Afreximbank), has called for urgent and coordinated multi stakeholder action to transform Africa’s cotton sector from a raw commodity export base into a competitive textile and garment industry. President and Chairman of the Board of Directors of the Bank, Dr George Elombi, made the call while addressing delegates at the recently…

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