Nigeria’s Bank of Industry Launches $5 Million Fashion Fund for Women Owned Design Businesses

Access to capital remains a key complaint by most entrepreneurs across the continent of Africa, especially women entrepreneurs. Luckily, one bank is doing something about it. Nigeria’s Bank of Industry (BoI) recently announced the launch of 1 billion Naira (an estimated $5m million) fund for Nigeria’s exploding fashion industry. Speaking through it bank representative, Rasheed …

Designers

Haitian Designer Prajje of PRAJJE 1983 Launches GoFundMe Campaign

Prajje 1983 www.prajje1983.com is a start‐up fashion brand and the brainchild of Haitian‐born New York‐Based designer, Prajje Jean‐Baptiste. Until last year, Prajje had never showcased his work in his native country. In December 2014, he returned to Haiti for the first time since leaving it as a young teen and presented a major fashion exhibition in Petion‐Ville, …

CNN Marketplace Africa: South African Fashion Designers are Giving Chinese Brands a Run for their Money

“Simple slip-ons have been the secret ingredient in Rachmat Thomas’ success story. The fashion entrepreneur’s shoe factory used to employ 90 people, but these days demand from South Africa’s largest apparel retailers is so high, she needs the skills of 300 workers. “The success story about this pump is that it is all handcrafted,” says …