Afritextile is a privately owned textile company based in Bujumbura, Burundi.
| Company type | Private company |
|---|---|
| Industry | Textiles |
| Predecessor | COTEBU |
| Founded | 2010 |
| Headquarters | , Burundi |
  Afritextile Headquarters Afritextile Headquarters (Burundi) | |
| Website | www |
History
The state-owned COTEBU textile company closed down in 2006 and 2007, and dismissed almost 1,600 workers.[1] In December 2010 the government sold COTEBU's assets to a company headquartered in Mauritius.[2] COTEBU's successor, Afritextile, was launched that year.[3]
Afritextile's manufactures and markets "kitenge" loincloths and cotton polyester products. It uses cotton produced in Burundi and purchased in the sub-region and polyester synthetic fiber. It has spinning, weaving and dyeing / printing workshops, and has 1200 employees.[4]
As of 2021 the state-owned cotton producer COGERCO was selling cotton fiber to Afritextile and cotton seeds to the Rafina refinery. However, it could not meet the demands of either customer, who had to also import cotton fiber or seeds.[5]
In August 2021 Déo Guide Rurema, Minister of Environment, Agriculture and Livestock, stated that COGERCO was making heavy losses. It was being audited, and then there would be talks with Afritextile to see how the two companies could work together in future.[6] The company had a high level of debt and was unable to pay the dividends it owed to the state. The factory was dilapitated, and only one of the two cotton gins was working. Negotiations for a public-private partnership with Afritextile were underway.[7]
See also
References
Sources
- Barangenza, Laurent (29 June 2021), "La diplomatie économique figure parmi les priorités du Gouvernement du Burundi", Radio Télévision Nationale du Burundi (in French), retrieved 2024-09-15
- "La COGERCO, une entreprise en faillite", ABP (in French), 18 August 2021, retrieved 2024-09-15
- "La privatisation de Cotebu", RFI, 8 December 2010, retrieved 2024-09-15
- "Le Complexe Textile de Bujumbura sur la liste des entreprises a privatiser", arib.info (in French), 16 February 2009, retrieved 2024-09-15
- "Les friperies déstabilisent l'industrie textile", Burundi Eco (in French), 19 November 2021, retrieved 2024-09-15
- Majambere, Gustave (2021), Présentation sur les produits et sous-produits du coton au Burundi (PDF) (in French), COGERCO, retrieved 2024-09-16
- Niyongabo, Jean Marie Vianney (24 September 2021), "La Cogerco au bord de la faillite", Burundi Eco (in French), retrieved 2024-09-17