Transforming business models in the global garment industry: “The role of clothing, textile and leather value chain in Africa To AU Member States: a) There is need to develop innovation centers in the 5 African regions to promote African fashion based on the common cultural identity; b) Member state need to put in place concrete policies to ban the importation of secondhand clothes on account of t. [...] To Private Sector Actors: a) Private Sectors should undertake capacity building for Environmental Social and Governance in order to build climate resilience systems across African governments; and b) Encourage private sector actors to obtain an ESG certification in order to facilitate access to carbon credits and to export into the GVC. [...] This should include the creation of both public and private guarantee funds and as well as increasing the footprints of African 7 Venture Capital funds to accompany youth and women entrepreneurs; and c) Provide Technical assistance to the youth to build their capacity especially in production standardization to ensure they participate in the regional and continental markets; To the AUC: a) Develop. [...] To the Private Sector Actors: a) Need to start embracing models of incubation hubs that have been successful such as those in Singapore and China to ensure the youth are empowered to create employment and grow the private sector on the continent. [...] Undertaking a) The AUC undertook to consult widely on the need either to revive the African Economic Platform or place it with the Africa Business Summit Acknowledgement a) The Forum expressed its gratitude to the Government of the Republic of Kenya for successfully hosting the 14th AU Private Sector Forum; and b) The Forum adopted the above Recommendations and commended the partnership between th.
Authors
- Pages
- 11
- Published in
- Ethiopia
Table of Contents
- 14 African Union Private Sector Forum 1
- 10-12 July 2023 in Nairobi Kenya 1
- Recommendations 1
- Public - Private Sector Engagement for Inclusive Growth and Sustainable Development while Deepening Regional and Continental Trade and Investment towards Implementation of t the AfCFTA 1
- AFRICAN UNION 1
- UNION AFRICAINE 1
- UNIÃO AFRICANA 1
- UMOJA WA AFRIKA UNIÓN AFRICANA 1
- Access to Reliable and Affordable Energy Supply Addressing the critical 2
- A. Key Actions to Achieve Inclusive Growth and Sustainable 2
- Development in Africa towards the Implementation of AfCFTA 2
- To AU Member States 2
- African Business and Economic Forum ABEF. 2
- To the RECs 3
- To the AUC 3
- To the Private Sector Actors 3
- Enhancing access to Finance in Africa - Exploring Financial 3
- Innovations that Reshape Economic Growth 3
- To AU Member States 3
- To Lenders 4
- To the AUC 4
- To private Sector Actors 4
- C. Transforming business models in the global garment industry The 4
- To AU Member States 4
- To the AUC To Private Sector Actors 5
- D. The Role of Digital Trade and its Implications on African Economies 5
- Opportunities and Challenges. 5
- To the AU Member States 5
- To the AUC 6
- To Private Sector Actors 6
- E. Environmental Social and Governance Practices Among the African 6
- Private Sector Overview of preliminary findings of the AU Survey on the Status Opportunity and Challenges 6
- To AU Member States 6
- To the AUC 7
- To Private Sector Actors 7
- F. Youth and Women Entrepreneurs Unlocking the Potential of Youth 7
- To AU Member States 7
- To the AUC 8
- To the Private Sector Actors 8
- G. Access to Reliable and Affordable Energy Supply Addressing the 8
- To AU Member States 8
- To the AUC 9
- To Private Sector Actors 9
- H. Crowding in private sector investment in transport logistics and 9
- To the AU Member States 9
- To the AUC 9
- To the Private Sector Actors 9
- I. Agribusiness and Food Security 10
- To AU Member States 10
- To the AUC 11
- To Private Sector Actors 11
- Undertaking 11
- Acknowledgement 11
- 12 July 2023 Nairobi Kenya 11
