The German Agency for International Cooperation (GIZ) will establish an incubator in Cameroon to improve sustainability and added value in the country’s textile industry.
Sustainability and Value Addition in Agricultural Supply Chain is the initial part of the global project. GIZ has called for tenders for a recruitment firm to set up the incubator.
The company has received tenders until June 21 to operate the project from July 1, 2021, to December 31, 2022, according to a tender document in Cameron’s media report.
In addition, GIZ has recently awarded tenders to identify job opportunities and efficiency gaps in the cotton production and processing departments of Cameroon’s textile industry.
As well as providing incubator training, technical support, mentoring and coaching, it will help startups, entrepreneurs, and MSMEs to start networking with technical and financial partners. Also, local banks have become professional with sufficient credibility to obtain loans.
In Cameroon, multiple micro, small and medium textile manufacturing companies produce textile products for the local market, such as medical and hygiene products, diapers, mattresses, work clothes, traditional accessories, and many more.
However, the lack of investment still persists, that is why incubators are being set up to promote local products and create jobs.
The incubator is part of the country’s 2020-2030 national development strategy, under which it plans to increase its cotton production from the current 310,000 tons to 600,000 tons by 2025.
There are also plans to increase textile production by 50 percent by 2030 and develop a national industry to meet 50 percent of sports and military wear demands.
