Domestic cotton processing in Africa could generate nearly $ 90 billion
Domestic cotton processing in Africa could generate an additional income of $ 90 billion. This is the view of the International Cotton Advisory Committee (ICAC) in the third volume of its special series entitled “High yields of cotton: for Africa this time”.
While the African continent exports about 90% of its crop, the Organization says the textile and clothing industry has enormous potential for job creation in the future.
In order to take full advantage of these opportunities on the processing side, the continent must also strengthen its production through, inter alia, improving farmers’ access to low-cost technologies, fertilizers and improved seeds. ICAC.
“There is no reason for Africa to continue to record low returns because of its wealth of natural resources,” said Keshav Kranthi, ICAC Technical Information Officer.
According to the Organization’s data, cotton is grown on nearly 4.2 million hectares in Africa mainly on small family farms.
Culture is a major source of foreign currency in more than 15 countries on the continent.