German Agency to establish incubator for Cameroon's textile industry

The agency is accepting tenders till June 21 for the project to be carried out from July 1, 2021 to December 31, 2022, Cameron’s media reports said quoting the tender document. This is in addition to the tender that GIZ had recently issued to identify the job opportunities and skill gap in cotton production and processing segments of the textile industry in Cameroon.

The incubator will help startups, entrepreneurs and MSMEs to network with technical and financial partners along with providing training, technical support, mentorship and coaching. It aims to help the local companies become professionals with enough credibility to get bank loans.

Multiple micro, small and medium textile manufacturing companies in Cameroon produce textile products such as medical and hygiene goods, diapers, mattresses, work clothes, traditional accessories and more for the local market. However, there continues to be a lack of investment, which is why the incubator is being set up to promote local goods and create jobs.

The incubator is part of the country’s 2020-2030 National Development Strategy, under which it plans to boost its cotton production to 600,000 tons by 2025 from 310,000 tons currently. It is also planning to boost textile production by 50 per cent by 2030 and develop a national industry to meet 50 per cent of the demands of sports and military wear.

Fibre2Fashion News Desk (KD)