Olawale Ajimotokan in Abuja
The Confederation of African Fashion (CAFA) is concentrating on a significant enlargement of Africa’s vogue financial system, with plans to drive funding,
from an estimated $30 billion to $500 billion at CANEX WKND 2026 in Lagos, with Nigeria positioned as a key participant within the proposed transformation.
The unveiling of the roadmap, scheduled for November 5, will coincide with CAFA’s first anniversary and have a joint stand with the Federal Ministry of Art, Culture, Tourism and the Creative Economy on the Wole Soyinka Centre for Culture and the Creative Arts, previously the National Arts Theatre. The exhibition will run till November 8.
CAFA President, Prof. Lai Labode, stated the organisation was working with African governments to align insurance policies on sourcing, manufacturing, commerce and mental property to make sure that the continent derives larger financial worth from its inventive industries.
He defined that the initiative seeks to maneuver African vogue past creativity and design right into a structured, commercially viable trade able to producing employment, attracting funding and competing in worldwide markets.
Speaking forward of the CANEX unveiling, Musawa stated the Afroliganza initiative was designed to ascertain a structured and values-driven vogue financial system rooted in African heritage, led by African establishments and positioned for world affect.
She burdened that funding within the vogue trade would create thousands and thousands of jobs, notably for ladies and younger individuals, whereas opening new alternatives throughout manufacturing, textile processing, design and worldwide commerce.
Registered in Rwanda, with its headquarters workplace in Kigali and a desk at Nigeria’s Federal Ministry of Art, Culture, Tourism and the Creative Economy, CAFA can also be working with the Ministry of Foreign Affairs to safe African Union adoption of the Charter.
