The African Development Bank debuted Fashionomics in May during its annual general meeting, to discuss ways to strengthen the global value chain of Africa's fashion industry. The AfDB believes global value chains are paramount to boost inclusive growth. Fashion also offers tremendous scope for African countries to participate in regional and global integration. With Fashionomics, AfDB aims to invest in the fashion sector, to provide access to finance for entrepreneurs,and to incubate and accelerate startups by identifying and financing projects.

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