Africa Finance Corporation Signs Joint Declaration with UNIDO and Backs Cotton Partnership at WTO's Aid-for-Trade Global Review

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has signed a joint declaration with the United Nations Industrial Development Organization (UNIDO) to enhance sustainable industrialisation. AFC also committed to supporting the 'Partenariat pour le coton' initiative, which aims to boost Africa's role within the global textile and apparel value chains. The declarations were signed during the Aid-for-Trade Global Review at the World Trade Organization headquarters in Geneva, Switzerland.

AFC's collaboration with UNIDO focuses on advancing sustainable industrialisation in developing economies, targeting private investment across various sectors. It supports energy access, industrial decarbonisation, and agro-industries development through mobilising knowledge, expertise, and financial resources to achieve the UN sustainable development goals (SDGs).

'Partenariat pour le coton' seeks to position African nations within the global textile and apparel sectors, constructing regional hubs for sustainable textiles, enhancing trade competitiveness, and driving economic development in Africa's cotton industry. AFC's investee company ARISE IIP's Glo-Djigbé Industrial Zone (GDIZ) in Benin exemplifies this potential, producing 'Made-in-Benin' t-shirts for international markets.