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Showing posts from March, 2016

$2.1 trillion Global Apparel Market by 2025: Decoding opportunities for African Apparel Industry

Introduction Apparel and textile are among of the worlds largest industries.The global fashion apparel industry has surpassed the market size of US$1 trillion since 2013, now it represents nearly 2% of the world GDP, and almost 75% of world’s fashion market is concentrated in Europe, USA, China and Japan. Between 2007 and 2013 the market increased with an average annual growth of 5.1%. Currently, womenswear accounts for 50.0% of the global demand while the remaining market share is divided between menswear (34.5%), clothing accessories (3.9%), babies' garments (2.8%), gloves and mittens (2.3%), headgear (2.0%), other garments (4.1%) and parts of garments and clothing accessories (0.5%). Brazil, China, Italy, Japan and the United States represent the largest apparel markets while the strongest annual growth is forecast to occur in Tanzania (17.5%), Bangladesh (14.3%), Ethiopia (13.4%) and Cambodia (13.1%). What is Fashion Industry? As per britanica.com, Fashi

A Billion Dollar Loss to Ghana

As most of the universities and university colleges across Ghana approached closure of their admissions register for Jan 2016 session, they are still busy counting their losses due to sudden downfall in their fresh student numbers after fruitful years since 2013. Throughout the country university council and administrative staffs were busy in formulating strategic plans to increase upon the student enrolments and reduce the expenses to sustain this downfall, they were further shaken by a statement from Head of State of one of the country, which contributes towards a majority share of foreign student population in Ghana. H.E. President of the Republic of Nigeria, Hon. Muhammudu Buhari made his position clear on forex allocation for school fees of Nigerian students studying abroad. As per the President, Nigeria cannot afford to sell forex to parents seeking to fund their children's education abroad. This means that Nigerians will not be able to purchase forex from banks in Nig