Frequently Asked Questions (FAQs)

1. African Development Bank
  1. What is the African Development Bank Group?

    The African Development Bank (AfDB) Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries that are the institution’s Regional Member Countries (RMCs). The AfDB was founded following an agreement signed by member states on August 14, 1963, in Khartoum, Sudan, which became effective on September 10, 1964. The AfDB comprises three entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). As the premier development finance institution on the continent, the AfDB’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. The AfDB headquarters is officially in Abidjan, Côte d’Ivoire.

  2. What is a development bank’s mission?

    A development bank’s mission is to promote the investment of public and private capital in projects and programmes that are likely to contribute to the economic development of its stakeholders. The bank therefore finances projects run either by the government or the private sector. The AfDB is one of the five major multilateral development banks in the world that provides assistance to its regional member countries with a view to helping them achieve their development goals.

2. Fashionomics Africa
  1. How can I create an account on Fashionomics Africa platform?

    Go to our registration form and sign up. It’s that easy!

    With this account, you will have access to a Learning component to find knowledge and strengthen capacities (market intelligence reports, data, webinars, etc.); to a Network component to facilitate connections in the industry (a stakeholders database including designers, wholesalers, producers, tailors, suppliers, etc.); and to much more!

    And if you are a fashionpreneur and want to join the e-commerce component of the platform, once you have created an account, go to your dashboard, click on “create seller account” and fill in the form. When our team will validate the account, you will be notified and will be able to upload your products (also validated by our team before appearing on the platform).

  2. Is it free to create an account?

    Yes, it is totally free

  3. I am interested in listing my business on Fashionomics Africa database. How can I do it?

    You just have to send the information below to info@fashionomicsafrica.org and our team will do the rest!

    Information required:

    • Name of your business.
    • Description of the company, services offered, etc. Sell yourself well!
    • Company type: designers & brands, retailers, wholesalers, manufacturers, tailors, suppliers, service providers (media, consulting, etc.), chambers of commerce, financers, associations, educational institutions.
    • Physical address, including city and country.
    • Email.
    • Phone number.
    • Website and/or social media page.
    • Logo, if any.
  4. I’m looking for financial assistance. How can Fashionomics Africa help me?

    Looking for financial resources is usually a daunting task and one of the main priorities for many entrepreneurs and businesses. The situation is even harder in some African countries and when we focus on the textile and apparel sector. “Getting credit” is the Doing Business indicator that presents the worse results in Sub-Saharan Africa (SSA), even behind “Getting electricity”.

    Through the Fashionomics Africa initiative, the African Development Bank wants to support the fashion sector in Africa, and this logically includes easing access to finance. The Bank in itself lends to other commercial banks and finances large investment projects, but does not finance SMEs directly. As part of the Fashionomics Africa initiative, the platform collects useful information relative to financing your business. Additionally, the Bank is defining the final configuration of the Fashionomics Africa support with a long-term view on supporting the sector and developing partnerships with other financial providers.

    If you are considering external financing for your business venture, we suggest that you register as a user in the Fashionomics Africa platform and publish your needs in the Business Opportunities section.

  5. I am organizing an event related to fashion and entrepreneurship in Africa. Are there opportunities to partner with you?

    Feel free to share any communication material with the team at info@fashionomicsafrica.org and we will ensure that the Fashionomics Africa community knows about the event! We will promote it via our platform and social networks (Facebook, Twitter, Instagram and LinkedIn).

  6. Fashionomics Africa digital marketplace
    1. Is there a cost to register my business on www.fashionomicsafrica.org?

      No, there is no cost to register your business or to sell your products through the marketplace. The Bank will not apply any fees during the first two years (pilot phase).

    2. Are there hidden costs or charges when buying in the marketplace?

      No, there aren’t. The price for a product is the price that the seller indicates they want to receive for it (including local taxes). Customers pay the shipping cost, which is indicated before finalizing the purchase.

    3. Is there a limit to how many products I can feature on Fashionomics Africa?

      No, there is no limit.

    4. Is assistance available if I have any question?

      You can reach us at info@fashionomicsafrica.org at any time. Our team will answer you within 48 hours from Monday to Friday.

    5. What is Fashionomics Africa's shipping policy?

      Your browser doesn't support PDFs!

      Download the document instead

FS Preloader