Agenda-setting intelligence, analysis and advice for the global fashion community.

The Bank Investing Millions in Africa’s Fashion Industry

Cairo-based Afreximbank is funding projects across the continent, from textile and garment manufacturing facilities in Benin and Nigeria to export programmes for designer brands from Kenya, Ghana and beyond.

Afreximbank has funded export initiatives including a Paris pop-up for African brands such as Ghana's Boyedoe (C) and Nigeria's Wuman (L, R) in collaboration with trade show Tranoi and Galeries Lafayette. (Wuman/Boyedoe via Instagram)

Ezreen Benissan

18 November 2025

BoF PROFESSIONAL

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Africa’s fashion industry needs significant investment, a sentiment shared by stakeholders across the continent. Without urgent funding, some promising businesses will be unable to fulfil their potential, and others will simply flounder. One major financial institution stepping in to bridge the gap has drawn both praise and scrutiny after backing a wide range of fashion projects.

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About the author

Ezreen Benissan

Ezreen Benissan is a contributing writer at The Business of Fashion. Based in London, Benissan writes about Africa's fashion and beauty industry.

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