• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Kenya Sets up Online Platform for Women Traders
    Access Bank Zambia decided to coalesce with African Banking Corporation
    Economic and Monetary Community of Central Africa (CEMAC) agreed on to quit in using the Franc CFA (FCFA)
    $12 Billion Environment Financing Center – The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World
    President Samia Suluhu Hassan of Tanzania Inaugurated an Agriculture Program hoped at Committing the Youth to Large-Scale Agribusiness
    New Era for Equatorial Guinea and Cameroon, Signing  Bilateral Agreement through Cross-Border Cooperation
    South Africa and Stellantis has Greeted a Pact to Develop a Unique Automobile Manufacturing Facility
    Dr. Akinwumi Adesina AfDB’s President maintains it is time to Develop Youth-Based Wealth to Bolster a Better Comprehensive Nigerian Economy
    Abidjan to host on March 17th 2023 the 8th Session of the Steering Committee for the Construction Project of a Motorway between Abidjan and Lagos
    Rwanda’s President Paul Kagame and the President of the World Football Association(FIFA) launched the Kigali Pelé Stadium which is changing the name from Kigali Regional Stadium In Nyamirambo the Capital of Kigali

    Afreximbank Announced the Initiative of Boosting Production of African Cotton Initiative to Accelerate the African Cotton Sector

    Posted On 25 Oct 2019
    By : New Africa Business News, Staff Correspondent
    Comments: 4

    By Abdul Rahman Suagibu –

    Photo Credit: Afreximbank

    NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone-  African Export-Import Bank (Afreximbank) have said through the Bank’s Managing Director of Intra-African Trade Initiative, Kanayo Awani that; the bank is progressing through a sequence of stages to the African Cotton Initiative (AFRICOTIN) in a bid to expedite the process of the African Cotton Sector.

    Ms. Awani pronounced at the launch of the African Corner at the World Cotton Day, unionized by the World Trade Organization in Geneva on 7 October, 2019 that the initiative would entwine to stream upward interventions boosting production of cotton on the continent and lower down interventions promoting and financing the consumption of cotton products.

    In addendum, Kanayo Awani furthered that, the cotton value chain provides income for millions of people in Africa, particularly those living in rural areas and represented a significant source of foreign exchange for many countries.

    Afreximbank had a cotton pipeline of about 400 million euros, added that, $ 195 million in textile and cotton Parks in Burkina Faso and textile and garments industrial parks in Nigeria.

    The Afreximbank that sponsored the Africa Corner has allowed the Bank to display its support for the African Cotton value chain and for the African Fashion and Design Industry.

    The African Corner is a section of the WTO premises dedicated to African Cotton products and was designed to give exposure and recognition to African cotton and cotton real participants. The corner is also being used to develop collaboration with the private sector and seek investors for cotton-related industries and production in Africa.

    Observance of the World Cotton Day marshaled United Nations resolution sponsored by Benin, Burkina Faso, Chad and Mali proclaiming 7 October as World Cotton Day. Thequadruple, also known as the Cotton-4 are co-sponsors of the Cotton Sectorial Initiative which gears to improve on the international cotton trading system.

    Cotton is produced in 75 countries, including many least-developed countries where production and processing are important contributors to economic stability and job creation.

    Also addressing participants in Geneva was Arancha González, Executive Director of the International Trade Centre, who said that cotton was at the heart of the Centre’s efforts to ensure sustainable development through trade in Africa.

    www.newafricabusinessnews.com
    Africa’s Most Read and Fastest Growing Global Newspaper. Forward to All www.newafricabusinessnews.com  

    For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

     

     

    NEW AFRICA BUSINESS NEWS
    COMING SOON ADVERTISING OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL ONLINE NEWSPAPER. THANK TO COMPANIES THAT WANT TO ADVERTISE.   INFO@NEWAFRICABUSINESSNEWS.COM.

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Zimbabwe, Finance and Economic Development Minister Increases 2% Tax Transaction

    Next Story

    Cameroon, US$ 121.4 Million to be Invest for Reliable Electricity Supply

    4 Comments

    1. Jolof October 27, 2019 at 11:22 pm Reply

      Love this great paper. Thank u.

      • Jolof October 27, 2019 at 11:23 pm Reply

        Many thanks! Enjoy http://www.newafricabusinessnews.com

    2. Sendem October 27, 2019 at 11:25 pm Reply

      Proud Senegalese I love new Africa business news. love love love it

      • Sendem October 27, 2019 at 11:26 pm Reply

        Thanks for reading http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Kenya Sets up Online Platform for Women Traders

    Posted On 28 Mar 2023

    Access Bank Zambia decided to coalesce with African Banking Corporation

    Posted On 27 Mar 2023

    Economic and Monetary Community of Central Africa (CEMAC) agreed on to quit in using the Franc CFA (FCFA)

    Posted On 25 Mar 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    Kenya Sets up Online Platform for Women Traders

    Access Bank Zambia decided to coalesce with African Banking Corporation

    Economic and Monetary Community of Central Africa (CEMAC) agreed on to quit in using the Franc CFA (FCFA)

    Recent Posts

    • Kenya Sets up Online Platform for Women Traders
    • Access Bank Zambia decided to coalesce with African Banking Corporation
    • Economic and Monetary Community of Central Africa (CEMAC) agreed on to quit in using the Franc CFA (FCFA)
    • $12 Billion Environment Financing Center – The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World
    • President Samia Suluhu Hassan of Tanzania Inaugurated an Agriculture Program hoped at Committing the Youth to Large-Scale Agribusiness

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.