Cotton Made in Africa achieves record revenues

Cotton Made in Africa achieves record revenues

Upon publication of its annual report for 2016, Cotton made in Africa can report positive results for the past commercial year: As the largest label for sustainable cotton from Africa, CmiA certified 30% of cotton production in sub-Saharan Africa. Growing demand for CmiA cotton in the textile industry meant that around 50 million CmiA textiles were put to the market in 2016. Thereby, the sustainable cotton initiative increased its license revenues by 47 percent in comparison to 2015.

Thanks to the boost in sales of CmiA certified cotton in the textile production countries, CmiA could achieve a consolidated revenue of plus 47 percent in 2016. The share of public financial aid in 2016 reached the lowest level of 1 percent. The result substantiates the motto of the sponsoring organization – Aid by Trade. Based on its goals, the foundation was able to increase the effectiveness of its contributed funds by a further percentage point in comparison to the previous year, reaching 72 percent. Successful project implementation in the cotton growing countries.

Above its standard implementation, Cotton made in Africa supports projects by village communities and provides financing. Among the projects are solar power projects for farmer training centers, water or women’s projects. The total volume invested in cooperation projects that have been active 2016 came to 950,000 Euros.