CAFA targets $500bn African fashion economy.
CAFA targets $500bn African fashion economy The Confederation of African Fashion (CAFA) is targeting the growth of Africa’s fashion economy from an estimated $30 billion to $500 billion, with plans to unveil its roadmap at the 2026 Creative Africa Nexus (CANEX WKND) in Lagos.
The organisation will mark its first anniversary on November 5 with the unveiling of a joint stand […] The post CAFA targets $500bn African fashion economy appeared first on Vanguard News .
The Confederation of African Fashion (CAFA) is targeting the growth of Africa’s fashion economy from an estimated $30 billion to $500 billion, with plans to unveil its roadmap at the 2026 Creative Africa Nexus (CANEX WKND) in Lagos.
CAFA President, Aare (Prof.) Lai Labode, said the organisation was working with African governments to harmonise policies on sourcing, production, trade and intellectual property to ensure that more value was retained by African businesses and communities. Nigeria became the first country to sign the African Fashion Industry Growth Charter on November 5, 2025, when the Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, signed on behalf of the Federal Government. Speaking ahead of the unveiling, Musawa said the Afroliganza initiative was designed to establish a structured fashion economy rooted in African heritage and driven by African institutions, with the capacity to compete globally. She said investment in the fashion industry could generate millions of jobs, particularly for women and young people.
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