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Africa’s fashion industry is booming, UNESCO says in new report but funding remains a key challenge

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A new UNESCO report released at this year’s Lagos Fashion Week notes that Africa’s fashion industry is rapidly growing to meet local and international demands but a lack of adequate investment continues to limit its full potential. The continent’s fashion industry _ valued at $15.

ABUJA, Nigeria — Africa’s fashion industry is rapidly growing to meet local and international demands but a lack of adequate investment still limits its full potential, UNESCO said Thursday in its new report released at this year’s Lagos Fashion Week show.

With a young population of 1.3 billion people set to double by 2050, the continent’s fashion industry has also proven to be both “a powerful lever for the promotion of cultural diversity also a way to empower young people and women,” said Azoulay. “Africans want to wear Africa. It’s really beautiful to see because it hasn’t always been like this,” said Omoyemi Akerele, who founded the Lagos Fashion Week in 2011 to encourage the patronage of Nigerian and African fashion. “But fast forward, a decade after, that’s all people want to wear.”

In Nigeria and other parts of Africa, young fashion designers are hungry for success and are taking over the global scene, said the UNESCO director-general.

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