The journey to total creation of one Africa Market may be troublesome as some realities on the ground could be corrosive.
A bid by Made in Africa to purchase the Vlisco Group designs was recently rejected by the seller and this has attracted the attention of the the African Continental Free Trade Area (AfCFTA) Secretariat.
Vlisco produces and distributes fashion fabrics, especially of the African wax print style, for the West and Central African market and African consumers in global metropolitan cities.
“It has been brought to the attention of the (AfCFTA) Secretariat that our strategic partner, a leading African financial institution supported a $200 million bid by Made in Africa to purchase Vlisco, a textile company that sells almost exclusively in Africa,” the office of the Secretary General said in a statement dated 23-July. Read More.