The African Export-Import Bank (Afreximbank) recently hosted the Steering Committee meeting of the Partenariat pour le Coton (PPC) at its Cairo headquarters, reaffirming its commitment to supporting Africa’s cotton value chain transformation.
Focused on the C4+ countries—Benin, Burkina Faso, Chad, Mali, and Côte d’Ivoire—the PPC platform aims to promote industrial growth in the cotton-textile-garment (CTG) sector through increased local processing, economic returns, and sustainable development.
Executive Vice President Kanayo Awani emphasized the need to address challenges such as low yields, limited processing infrastructure, and access to modern technology to fully unlock the sector’s potential.
Afreximbank is deploying financial and technical tools—from project funding and SME support to digital trade platforms—to foster modern textile industries and align efforts with the African Union’s Agenda 2063 and the UN Sustainable Development Goals.
The meeting also featured the signing of a key agreement amendment with UNIDO, reinforcing a grant for a cotton sector baseline study under the WTO-FIFA framework.