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Partnership between Afreximbank and Portugal in favor of fashion and the textile industry

Afreximbank and Portugal : According to an article recently published on the COMMODAFRICA website, the African Import-Export Bank (Afreximbank) and the Portuguese National Association of Young Entrepreneurs (Associação Nacional de Jovens Empresários - ANJE) have sealed a three-year partnership. This partnership aims to support and promote the manufacture of clothing and fashion textiles in Africa as well as the textile industry in Portugal and throughout Europe. This project is part of Afreximbank's Creative Africa Nexus (Canex) program, which aims to facilitate investments in Africa's creative and cultural economy. This through financing, capacity building, promotion of exports and investments, digital solutions, promotion of links and partnerships and political advocacy.

The partnership between Afreximbank and Portugal through the ANJE aims to address the challenges faced by African designers, offering them the possibility of accessing international markets while strengthening their capacities through the incubation of brands. As part of this partnership, the ANJE, through its project of fashion called Portugal Fashion, will provide African designers with enhancement platforms. This enhancement will facilitate access to international markets and build capacity through business mentoring and technical assistance in garment production. The program is designed to promote at least 40 African designers each year on the catwalks of Portugal Fashion.

About Afreximbank

The African Import-Export Bank, also known as Afreximbank, is a pan-African multilateral trade finance institution established in 1993 under the auspices of the African Development Bank. Its headquarters are in Cairo, Egypt. Afreximbank's vision is to be the trade finance bank for Africa.

Afreximbank has 50 African member countries. As of June 2020, the bank had four regional offices and was in the process of setting up a fifth regional office for Central Africa.


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