"Our mission is to encourage local businesses to work together and appreciate doing business together for collective profit in a true spirit of 'vivre ensemble'."
FICOTA is an all-inclusive initiative by African Chamber of Trade and Commerce (ACC) to permit SME’s, Cameroonian businesses, international partners, startups, and all stake holding partners from all regions involved in the textile industries and related businesses to converge at a common venue and address issues in sustainable development in the textile industry in Cameroon and Africa. Our mission is to encourage local businesses to work together and appreciate doing business together for collective profit in a true spirit of “vivre ensemble”. It is a unique and innovative platform aimed at facilitating sustained contact between major and junior entrepreneurs for enhanced visibility in their activities and the potential for lucrative partnerships.
The target is to bring together and share across the board business knowledge and experiences for start-ups by experienced business and corporations in collaboration with stakeholders in the confection industry. Efforts to build sustainable start-ups continue to be inefficient in many sectors in the African textile industry. Faced with these imminent challenges and obstacles, most start-ups shut down when they have barely started. This strongly affects the growth rate of businesses and our markets. Our work's intention is to change the status-quo, enabling start-ups to thrive with the proper support and access to resources.
The first edition of FICOTA for international manufacturing and transformation was hosted from November 28th to December 1st, 2018 in Kribi, following African Chamber of Trade and Commerce (ACC) Economic Day held on November 20th, 2017 in Yaoundé, patronized by the Cameroon government in partnership with the UN Economic Commission for Africa (ECA). It was a workshop and networking event aimed at promoting the Textile industry in Cameroon and within the CEMAC region to allow for maximum visibility in government and private sector initiatives working to promote the textile industry in Cameroon and Africa for developing and emergent economies.
FICOTA brings together a significant number of key actors bi-annually, working in related sectors in the value chain in the textile industry with the anticipated result to improve on the synergy in the production of quality goods and services in order to guarantee sustained production at all levels in the textile manufacturing and transformation industry for optimal competitiveness and opportunities in the African Textile industrial value chain. The actions post FICOTA are then more focused to sustain economic growth to fight poverty, create jobs and make Kribi an attractive financial and business hub. The results of these efforts are then shared at the next FICOTA to track the progress being made based on resolutions proposed previously.
Due to the pandemic of COVID-19, our second edition had to be postponed to December 2021.
FICOTA activities include:
- B2B Networking Meetings
- SME Exhibitions & Marketplace
- Educational Sessions
- Kribi Beach Fashion Week