PRESS RELEASE
FOR IMMEDIATE RELEASE
East African Business and Entrepreneurship Conference to Galvanize Synergies of Textiles Industry
Players
· Linking
the Local Cotton ,Textile and Apparels Industry to the untapped Markets in the Region
Arusha, Tanzania: October 16th , 2017: Cotton production,
processing and trade is highly influenced by policies of major producing
countries, through price support, tariff protection, production subsidies and
stock piling that destabilize cotton prices.
The competitiveness of
cotton industry in EAC is faced by challenges such as low yields, ginning
overcapacity, low ginning out-turn ratio and inefficient value addition.
“Value
addition in the cotton and textile Industry into innovative aesthetic
accessories, interior designs and fashion can create more jobs opportunities in
the EAC, as only 15% of EAC cotton is processed locally, while 85% is exported
in form of lint to other countries.” said Ms. Lilian Awinja EABC CEO.
The high export of cotton in
form of lint to other countries can be turned in to a raw material base for
textile and apparel manufacturing in the region.
The 2nd East African Business and
Entrepreneurship Conference & Exhibition scheduled to take place on 14th
– 16th November 2017 in Dar
es salaam Tanzania; will provide a platform to create synergies and links
between the local cotton and textile industries with local suppliers and
fashion designers in bid to propose an action plan outlining the policies and modalities to promote
the sector performance, productivity and quality.
“As the region works on a phase out approach
of imported second hand clothes, it is a
high time that EAC countries embarked on manufacturing affordable , attractive,
locally sourced, quality apparels.” said Ms. Lilian Awinja EABC CEO.
Alongside the conference, a gala dinner and
fashion show will be held to showcase the variety of designs in the region and encourage
the people of East Africa to proudly consume local products so as to strengthen
the creation of local value chains.
“The
African fashion and design industry has already moved into
the spotlight on the international market.” said Ms. Lilian Awinja EABC CEO.
Key fashion & textiles industry players
such as Mr. Sunny Dolat from HEVA Fund and Mustafa Hassanali, Swahili Fashion Week are
expected to discuss on building
synergies between the local cotton and textile industry to the untapped markets
in the region.
The conference will also
host session highlights on Information Communication Technology, Urbanization,
Cotton and Textile, Patents and Copyrights in the Creative Industry, Trade and
Gender, Health, agri-business, E-Commerce plus a “Start-up Corner” in bid to
boost entrepreneurship and attract investments in the region. In addition, the
East African Diaspora will be strongly engaged to amplify investment into the
region. The simultaneous exhibition will give participants the possibility to
present themselves and serve as points of contact for their organizations and
businesses.
Registration for attendance is open,
for full details on the 2nd East African Business and
Entrepreneurship Conference and Exhibition 2017
including Concept Note and Provisional Program Visit http://eabc-online.com/entrepreneurship/
-END-
Notes
to Editors
About 1st East African
Business and Entrepreneurship Conference and Exhibition
The 1st East African Business and Entrepreneurship
Conference and Exhibition was held from the 10th to 13th
October, 2016 in Nairobi, Kenya; under the theme “Scaling up the Spirit and
Bonds of Integration through Entrepreneurship”, more than 300 participants from
14 countries took the opportunity to discuss entrepreneurial trends, investment
opportunities and existing constraints for businesses in East Africa Region.
See: https://www.youtube.com/watch?v=DgV3TeHp1nw
About
East African Business Council (EABC)
The East African Business Council (EABC) is
the apex advocacy body of business associations of the Private Sector and
Corporates from the East African Countries. It was established in 1997 to
foster the interests of the Private Sector in the Integration process of the
East African Community.
EABC
vision is to be a dynamic apex body of the private sector in
the East African Community, in fostering sustained economic growth and
prosperity in the region.
Being the representative of Private Sector
associations in the region, EABC was granted observer status in organs and
activities of the East African Community (EAC). EABC therefore participates in
various sectoral meetings, meetings of the Coordination Committee, Council of
Ministers Meetings and the Summit of
the EAC Heads of State; with a view to ensuring that the agenda of the Private
Sector is well articulated and received by the policy makers. Website: www.eabc.info
For more information please contact:
Ms. Lilian Awinja –
Chief Executive Officer
The East African Business Council
(EABC) - The Voice of Private Sector in
East Africa
P. O. Box 2617 | Plot No. 01 | Olorien
House | Perfect Printers Street | Arusha | Tanzania
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