Afreximbank sees opportunities in cotton sector …as it hosts partnership’s steering committee

The African Export-Import Bank (Afreximbank) hosted a two-day meeting. This meeting was for the Steering Committee of the Partenariat pour le Coton (PPC). The PPC is a global platform that supports the cotton-textile-garment (CTG) sector. It focuses on developing countries, especially the C4+ nations: Benin, Burkina Faso, Chad, Mali, and Côte d'Ivoire.

The PPC aims to transform and add value to the CTG sector. It seeks to enhance economic returns and create jobs. Additionally, it promotes economic, social, and environmental sustainability.

Mrs. Kanayo Awani delivered opening remarks at the meeting. She is the Executive Vice President for Intra-African Trade and Export Development at Afreximbank. She highlighted that developing the cotton sector offers significant growth opportunities in Africa. The cotton sector contributes 45 to 60 percent of GDP in some countries. It also plays a key role in foreign exchange earnings.