CAFA to Launch $500 Billion Fashion Economy Roadmap
The Confederation of African Fashion (CAFA) will unveil a roadmap to expand Africa's fashion economy from an estimated $30 billion to $500 billion during CANEX WKND 2026 in Lagos, scheduled for November 5, 2026. This event coincides with CAFA's first anniversary and will take place at the Wole Soyinka Centre for Culture and the Creative Arts.
CAFA President, Aare (Prof.) Lai Labode, emphasized collaboration with African governments to align policies on sourcing, production, trade, and intellectual property to enhance economic value for local businesses. The Afroliganza initiative, led by Nigeria's Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, aims to create a sustainable fashion economy rooted in African heritage.
Nigeria signed the African Fashion Industry Growth Charter on November 5, 2025. CAFA, registered in Rwanda, has made significant progress in its first year, including gathering representatives from 50 nations and promoting local garment processing.
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