November 13, 2025
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Industry

Afreximbank To Build U$5 Bn Textile Hub In Nigeria

The African Export-Import Bank (Afreximbank) will begin construction of a U$ 5 billion integrated textile industrial facility in Nigeria this July, in partnership with Arise IIP and Swiss textile machinery firm Rieter, supported by the Swiss government. The move is part of a continent-wide industrialisation strategy, outgoing President Benedict Oramah announced at the