Rieter’s Post

$5 billion plan to boost manufacturing in Africa... Swiss leader in staple fibre yarn spinning technology Rieter is involved in a bold new plan to establish 500,000 metric tons of cotton transformation capacity in Africa in the next 3-5 years, with the creation of up to half a million new jobs. It is partnering with Arise IIP, the pan-African developer and operator of industrial parks, and the African Export-Import Bank (Afreximbank), on the Africa Textile Renaissance Plan which aims to establish a new era of textile manufacturing in Africa. Supported by $5 billion in financing, the plan’s objectives include reducing Africa’s annual textile imports and boosting its exports to the USA under the African Growth and Opportunity Act (AGOA), as well as localising machine repair expertise in Africa. Read more - https://lnkd.in/gSbMHHvU #textiles #apparel #clothing #Africa #cotton #innovationintextiles #AGOA Adrian Wilson ARISE IIP African Export-Import Bank (Afreximbank) Rieter

Investing in Africa’s textile industry is a promising opportunity due to its young and burgeoning workforce, abundant natural resources, improving infrastructure, and the continent’s status as an emerging market. The youthful population offers a robust labor force for labor-intensive textile manufacturing, while access to local resources like cotton and wool can potentially reduce production costs. Infrastructure improvements and trade deals make it an appealing place to invest. #ATMS #AfricaTextileManagementServices #TextileManagement #africantextiles #globaltextiles #africa #industryexperts #businessadvisory #africanbusiness #sustainabletextiles #YoungWorkforce #infrastructure #NaturalResource

Did you know between 80 and 100 billion new clothing garments are produced globally every year? Shockingly, 80% end up in landfills or incinerators, with only 20% collected for reuse. Discover how Africa Collect Textiles is increasing this collection percentage in our latest Green Jobs Africa episode. Sellah Bogonko, HSC Bilha Ndirangu

How a plastic bag recycling facility in Abidjan, Cote de I’vore (Ivory Coast), Africa is acting as a fashion upcycling facility for the African market. From a developmental economics and political economy model, this social enterprise is creating much needed infrastructure to improve Cote de I’vore’s manufacturing base as well as integrating existing resources and assets to move up the value chain. #developmentaleconomics #brics

I am looking forward to participating in the Better Cotton Conference 2024 in Istanbul this week and very excited to join a panel on "Creating an Enabling Environment in Uzbekistan"! I will share some insights from our experience supporting the #sustainability of the cotton sector in #Uzbekistan. Who will be joining us at the conference or happen to be in Istanbul? Please reach out! #BetterCottonConference2024 #SustainableCotton #AcceleratingImpact

We are proud to announce the successful closure of financing for the one-of-its-kind integrated textile processing plant in West Africa. The transaction was structured as a buyer's credit facility, backed by a European ECA. This facility of €220+ Mn extends for a tenor of 12 years and was syndicated with three European lenders. Blend exclusively spearheaded the transaction by way of structuring in collaboration with ECAs and lenders, meticulously handling documentation, and ensuring compliance with the comprehensive CP list, particularly regarding environmental standards. The project demonstrates a strong commitment to environmental sustainability, equipped with a state-of-the-art wastewater treatment plant. The project will support various cotton farmers in the region and generate mass employment in the country. #westafrica #TextileFinance #innovationintextiles #Blend #economicgrowth #FinancialAgility #BlendFinance #globalfinance #financialinnovation #globalmarket #financialadvisory #emergingmarkets #frontiermarkets #capitalmarkets #tradefinance #projectfinance #investmentbanking #investmentadvisory #workingcapital #advisoryservices #corporatefinance #sustainabledevelopment #ECA #exportfinance #socialimpact #textileindustry #SDG

African #cotton is known for its long, strong fibers, making it ideal for producing high-quality textiles. Moreover, #Africa has a vast amount of underutilized land suitable for cotton production, offering significant room for expansion. Invest in cotton by-product markets today. Utilise related business opportunities such as: 🌿 Cotton Lint 🏥 Medical Supplies 🧴 Cottonseed Oil 🧵 Textiles 👗 Garmenting 🐄 Cottonseed Cake 🧽 Cotton Swabs 🎁 Cotton Bags Packaging Key African countries to setup a cotton processing opportunities include: - Benin (GDIZ - Glo-Djigbé Industrial Zone), - Togo (PIA - Plateforme Industrielle d'Adétikopé), - Ivory Coast (ZIC - Zones Industrielles de Côte d’Ivoire), - Chad (LAHAM TCHAD), and - Nigeria (Industrial Platform Remo Free Zone). Learn more and #InvestInAfricaNow https://lnkd.in/eDesmdY5 #AfricaForInvestors #garmenting #textile #cottonprocessing #businessopportunity

Solid Waste Management For The City of Kigali: Lessons From Kenya and South Africa It costs the City of Kigali about RWF 600 million to manage the Nduba landfill and it only recoups about 12% of that amount from fees that the collection companies pay for their trucks to access the landfill... Read more... https://lnkd.in/evjMkadV #wastemanagement #kigali #rwanda #circulareconomy Circular Economy Institute of Africa World Resources Institute #circularity #foodsecurity #foodsystemstransformation #foodsystems #sustainablefoodsystems

Kim-Fay East Africa, a leading manufacturer and distributor of hygiene, tissue, and home care products, has secured debt funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank Ltd Bank to support its regional expansion. This investment will enhance Kim-Fay’s capabilities in providing affordable tissue paper to lower-income segments across East Africa. The funding, supported by advisory services from I&M Burbidge Capital Limited (IMBC), will be directed towards the construction of a new recycled paper manufacturing facility in Tatu City, Ruiru. This facility, expected to become operational by 2025, will utilize locally-sourced wastepaper, reinforcing Kim-Fay’s commitment to sustainability and cost-effective production. Kim-Fay’s expansion comes at a time of increasing demand for tissue and hygiene products due to rising consumer hygiene awareness and expanding middle classes. Euromonitor International notes that high inflation in 2023 has shifted consumer preferences towards more affordable brands, intensifying competition in the market. Norfund's East Africa Director, William Nyaoke, emphasized that the project aligns with their mandate to support sustainable enterprises and job creation in developing economies. The collaboration with I&M Bank represents a strategic investment in Kim-Fay’s growth and the development of a state-of-the-art wastepaper recycling facility. #KimFayEastAfrica #DebtFunding #RegionalExpansion #SustainableManufacturing #HygieneProducts #Investment #TissuePaper #EastAfrica #BusinessGrowth To read more: https://zurl.co/IZmY

M Masrur Reaz, Chairman and CEO of Policy Exchange Bangladesh spoke at the third policy dialogue event on "Navigating the RMG Industry Shifts by 2030," hosted by LightCastle Partners in collaboration with The Policy Exchange Bangladesh. During the discussion, he emphasized the growing importance of sustainability as a global mandate, pointing to frameworks like the EU Due Diligence, Green Deals, and environmental regulations such as Extended Producer Responsibility (EPR) as key requirements for export-driven industries to remain competitive. The discussion was part of the Bunon 2030 initiative under the "Oporajita - Collective Impact on Future of Work" project, supported by The Asia Foundation and funded by the H&M Foundation. Visit the link🔗 in the comments to learn more. #Apparel #Workers #Sustainability #Circularity #Technology #Economy #Growth #Investment #Export #Development #Policy