Africa’s fashion industry has its first dedicated investment company ...Middle East

Quartz - Economy

Sub-Saharan Africa’s apparel, textile, and footwear market is estimated to be worth $31 billion, and its fashions are often an inspiration for international designers. But many of its entrepreneurs operate in the informal sector. A lack of wide access to capital, low production capacities, and small distribution networks limit the industry’s growth potential.In response to this, a new investment company has launched exclusively targeting African fashion brands; getting into the continent’s multi-billion-dollar fashion industry as it looks to scale it up.Birimian Holdings aims to support African fashion brands in the continent and diaspora to facilitate and accelerate the growth of their busi

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Last updated : 06 May 2021 clock 02:01 PM

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Africa’s fashion industry has its first dedicated investment company ...Middle East

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