Rieter Partners with ARISE IIP and Afreximbank for African Textile Initiative

Rieter Holding AG has entered into a framework agreement with ARISE Integrated Industrial Platforms (ARISE IIP) and the African Export-Import Bank (Afreximbank). This collaboration aims to boost the textile industry in Africa through the Africa Textile Renaissance Plan.

The agreement, signed on November 5, 2024, is set to enhance the textile value chain across the continent. The initiative underscores the commitment of Rieter and its partners to foster sustainable development and economic growth in Africa.

Rieter, headquartered in Winterthur, Switzerland, focuses on textile machinery and technology. This partnership represents a significant step in expanding its influence and supporting industrialization efforts in Africa.