MD/CEO, Femaz Micro Finance Bank, Dr. Sandra Nwugo has received invitation from African Union Commission, AU, to address the African Fashion Business Summit scheduled for 13th – 15th September, 2016 at the African Union Headquarters in Addis Ababa.
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Dr. Nwugo, a member of Chartered Institute of Bankers of Nigeria (CIBN), will join other business leaders from around the world to address practitioners in the fashion, garment and textile industry from over 30 African countries.
The African Fashion Business Summit is one of the activities lined up during the Africa Fashion Reception scheduled to hold 13th – 15th September, 2016 in Addis Ababa after which all participating countries will be presented to the international audience in Paris, later in October.
The theme for the Summit is ‘Creating Wealth for African Economies through its Fashion, Garment and Textile Industry’.
The Africa Fashion Reception is a Pan African Initiative organized by Legendary Gold in partnership with the African Union. This year’s event will gather fashion designers, dignitaries, ambassadors and media from over 30 African countries, in a celebration of cultural diversity expressed through the artistic fashion discipline with the proud theme ‘Africa is the New Inspiration of Global Fashion’
Using the creative industry of Fashion as a vehicle, the Africa Fashion Reception is aimed at building bridges by creating free trade and partnerships among fashion practitioners throughout the African continent.
It also aimed at attracting global attention to Africa’s very rich and diversified dress culture which can be explored as a catalyst for the social economic growth of the continent’s garment/textile industry.
And to expand the potential power of fashion as a tool of fighting poverty in Africa by creating wealth through the empowerment of women and youths in the various fashion vocations through training, capacity building schemes, workshops and setting up of medium/small scale businesses thereby supporting the United Nations Sustainable Development Goals and the African Union Agenda 2063.
The other benefit is to bring about self-reliance as this initiative will create millions of jobs across the continent for Tailors, Creative Directors, Textile designers, Models, Cutters, Pressers, Fashion Photographers & Writers, Hair Stylists, Make-up Artists etc
The 1st edition of the Africa Fashion Reception presented participants from 16 African countries. The 2nd edition saw participants from 24 countries. This year, participants are expected from over 30 countries.
The invitation of Dr (Mrs) Nwugo to address the African Fashion Business Summit by the African Union is due to her enviable trail blazing achievements with her bank, Femaz Micro Finance Bank where she has been able to create lots of jobs through the empowerment of women and youths.
Dr. Nwugo, an entrepreneur, banker, motivational speaker, and film producer, during the summit will deliver address on ‘The role of Microfinance bank in creating wealth for SMEs in the fashion industry’.