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Promising Business & Investment Opportunities – FASHION AND APPAREL INDUSTRY IN AFRICA

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Fashion And Apparel In Africa

Fashion is a $3.4 trillion global industry. But Africa currently only owns a very thin slice of this cake.

The global fashion industry has a vast and complex value chain that stretches from the farmers who grow cotton, silk, and other natural fibres, to the massive production factories in Asia that spin the fibres into a wide range of textiles.

Gwan Design Cameroon

The chain stretches further to the armies of workers in garment factories scattered across Asia and South America who convert textiles into a wide range of apparel stocked by mass merchandise chains around the world, and high street retail stores in New York, London, Paris and Milan.

Thankfully, some creative entrepreneurs are starting to squeeze out some space for Africa in this vast and lucrative global chain.

This year, two significant opportunities in the global fashion value chain will further open up to entrepreneurs and investors in Africa who are keen for a bigger share of this massive industry.

The first opportunity is in apparel production.

With rising labour costs in China and parts of South East Asia forcing more factories to seek alternative locations in Africa – where labour is cheaper — several apparel producers are already setting up shop on the continent.

Among companies like H&M and Primark that are now sourcing from Africa, Huajian, one of China’s largest shoe manufacturers, is expanding in Ethiopia and in East Africa.

Also, specialist apparel producers like C&H Garment Factory in Rwanda are producing uniforms, safety vests, and military kits that are exported to Europe and the USA.

While the influx of Asian apparel producers to Africa is likely to have an impact on the continent’s indigenous textile industry, the potential of these massive factories to create large-scale jobs, earn export income, and encourage the growth of supporting industries will likely create big opportunities for local African entrepreneurs.

The second opportunity that stares in Africa’s face is fashion design and retail.

yemi Alade Forbes under 30 list 2018

A growing number of brilliant and creative fashion designers is emerging from the continent, and the world is starting to take notice.

African fashion labels, like Senegal’s Tongoro by Sarah Diouf, Gwan Design by Tabo Janice a Cameroonian, are attracting international celebrities and customer bases outside the continent, in places like Europe and North America.

And recently, Nike, the global sportswear giant, collaborated with a local Nigerian designer for a special edition jersey that was inspired by Adire, a traditional print from Nigeria. The design sold out within 14 hours after it was released on Nike’s website.

With a growing global curiosity and appetite for exotic and refreshing fashion designs from Africa, the continent’s fashion designers and entrepreneur have a massive market and untapped global audience to serve.

There are vast opportunities in potential partnerships with big and established fashion brands, distribution arrangements, e-Commerce possibilities, and artisanal and exotic fashion pieces.

On top of these international opportunities, there is a growing domestic market of over 700 million young and fashionable Africans who now take pride in wearing locally-inspired fashion.

The African Development Bank estimates that Africa’s local fashion industry has the potential to be worth $15.5 billion over the next five years. This clearly makes it one of the most promising business opportunities in Africa to watch.

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Afro Success Stories

African Entrepreneurs creating Jobs and Employment in Their Communities – Olasupo Abideen

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Olasupo Abideen ” My greatest achievement is being a 25yr old employer who employs 35 people and has trained 475 Others” as one of african entrepreneurs.

Meet Olasupo

I am a 25year old one of Nigerian african entrepreneurs, founder/CEO of OPAB Gas with over 6 years of transnational experience leading and working with diverse teams to facilitate youth empowerment, development projects and youth involvement in policy. I am a UNESCO ESD Young Leader, a WEF Global Shaper and a Fellow, Young Africa Leadership Initiative.

Since receiving the $5000 Seed Capital in December 2018, my Company has created employment for thirty-five (35) University undergraduates (through our Work Student and Student Ambassadorship Program), opened ‘four (4) new Gas stores’, and trained ‘four hundred and seventy-five (475) unemployed youth and corps members‘ (through our #Gasprenuer Initiative). As a means of giving back to the community, we have also helped ‘five (5) kids’ return to school through our #StreetToSchool programme for our Community.

My Humble Beginnings

I watched my mother walk long distances to gather firewood and buy coal to cook for my family in my growing up years in my village in south-west Nigeria, where I was raised. It wasn’t peculiar to my mother; this was commonplace for all families. We all knew it wasn’t safe. We knew that if it made them this uncomfortable, there was no way it was safe, but we didn’t know there were alternatives. After all, this is how our grandparents and their parents before them lived.

It bothered me to see my mother’s red eyes, and the wet eyes of other women in our rural community bothered me a lot. Even though I did not know until recently that cooking with firewood is equivalent to smoking 400 cigarettes per hour, and is one of the three causes of mortality among women and children, I knew there had to be something I could do, but I couldn’t figure it out; or better put, I did not have enough education nor access to information to figure it out.

 

My Business Idea

The Idea to start my business came from a need that I identified and solving that problem meant a business opportunity. As a student of chemistry at the University of Ilorin, I was exposed – through volunteering – to MDGs (and subsequently SDGs), and I took a keen interest in clean, renewable energy, that could be used instead of orthodox fuelling options, and one of them was Liquefied Petroleum Gas.

After a long time of advocacy for SDGs, as an undergraduate, my SDGs advocacy and youth development organization, Brain Builders International, signed an agreement with the Kwara State University’s Community Development and Entrepreneurship Centre to train young Nigerians african entrepreneurs on the Sustainable Development Goals, their benefits, and ways toward actualisation.

I noticed that every time I took the 55min trip to Kwara State University to facilitate these training sessions, I would encounter students carrying gas cylinders: either going to fill Gas in Ilorin or coming back from Ilorin after filling Gas. I later learnt that the only cooking gas supplier in the community at that time was exploiting the students by using a manual scale that could be manipulated and also selling at a rip-off price.

 

Solving the Problem

In 2017, I took a soft loan from a friend, added some of my own moneyand after conducting intense market research, filing necessary papers, and satisfying ethical and professional standards, we opened our first OPAB Gas station. The services we offered hinged on three things; convenience, safety, and trust. Students could now focus on academics, as we did not only sell gas at the standard rate, but we also offered pick-up and delivery services. We used safe measures alongside a digital scale to address the issue of trust. Within three months we had broken even.

The TEF Intervention

In 2018, I applied for the Tony Elumelu Foundation Entrepreneurship Programme but was only selected for the GIZ list to be one of the 210 beneficiaries of the training and $5000 funding. The training provided by the foundation on business planning, financial intelligence, scalability, among others could only be likened to a mini MBA.

Immediately after the training myself and my team we started discussing how to dominate the market in which we operate and capture new markets.

With the seed capital, we were able to expand our business.

 

Our Growth and Milestones as one of african entrepreneurs

  • Expansion: We have expanded the business to 6 stations in two townships to target the student populations and made over $25,000 since receiving the seed capital from the foundation.
  • Employment: Staff strength – 2 (in 2017), 35 people (2019).
  • Gas on Wheels: We now own delivery vans and offers delivery services
  • Digitization: We now take orders on the business’ website in both cities where we operate.
  • Introduced Customer Loyalty service
    • Health safety card – to educate users about safety measures.
    • Customer reward: Points reward system.
    • Holiday Promos
  • we also have a few impact initiatives that we run.
  • OPAB Gas has trained 450 Youth Corps members, unemployed youth in Kwara State on the economic merits of the Gas economy and the many opportunities that abound in the sector.
  • In line with the UN SDGs, OPAB student work experience – an internship programme where we train students. During this internship, they work on Sundays for a stipend. They then receive N10,000 for every 1000kg of gas sold.
  • OPAB gas student ambassador scheme – delivery service.

 

The Future

The vision for OPAB Gas has always been to solve energy availability and ease of use for everyone across Nigeria so we are constantly working on ways to reach out to more Nigerians.

Our OPAB telemetry solution will allow people to monitor and manage their gas usage, notify them when it is almost finished, connect them to the nearest gas stations and pay for gas with existing mobile money applications.

 

 

Contact Details

Website: https://opabgas.com

Instagram: @opabgas_

Phone call/WhatsApp: 07068775529.

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