Investing in the creative industries: the role of the African fashion value chain in creating jobs and inclusive growth

Publisher:
AfDB
Publication Date:
4 September 2016
Tags:

The creative industries in Africa offer massive potential for continent-wide job and GDP growth. For instance, the textile and clothing sectors, comprising a majority of women in their workforce, together represent the second-largest sector in developing countries after agriculture. Additionally, there is great scope to hire more youth. The AfDB approaches the challenge of women and youth unemployment by supporting micro-, small and medium-sized enterprises (MSMEs) in the creative industries - such as fashion, food and film. By fostering value chain development, the Bank prioritises, among others, the agriculture and agroprocessing industries, given their potential for value addition and their close interactions with the textile, clothing and fashion industries.

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