President Yoweri Kaguta Museveni of Uganda has initiated discussions with the Uganda Manufacturers Association (UMA) to explore strategies aimed at revitalizing the domestic textile sector and reducing dependency on imports. This move underscores Uganda's commitment to bolstering local industries and enhancing economic self-sufficiency.
Nigeria has successfully secured investments worth $3.5 billion in its domestic textile, cotton, and apparel sector over the past year, marking a significant step towards revitalizing an industry that has long been dormant. This achievement was announced by Doris Uzoka-Anite, Nigeria’s minister of industry, trade, and investment.
In a significant step towards enhancing trade within Africa, Ghana’s minister of trade and industry, Kobina Tahir Hammond, has announced that 700 products have received rules of origin certification under the African Continental Free Trade Area (AfCFTA). This certification allows these products to be traded more freely across African borders, fostering economic growth and integration.
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