Africa’s fashion industry eyes a US$69 billion market

Africa’s bright and dynamic fashion industry is finding itself if the spotlight, drawing increased attention to the opportunities offered by a US$69 billion apparel market.

Latest figures from data-gathering and market insights firm Statista show the continent’s apparel market growing by 4.9 per cent annually until 2027, with womenswear currently the largest segment, accounting for US$29 billion in 2023.

According to the Africa Development Bank, while still in its infancy, the continent’s fashion industry is in expansion mode.

Source: Independent