![\"CANEX](\"https:\/\/africafashiontour.com\/wp-content\/uploads\/2026\/11\/3-2-819x1024.png\")
<\/p>\nGathered at the Wole Soyinka Center for Cultural and Creative Arts, more than 15,000 creators, investors, and decision-makers from over 80 countries answered the call. Held under the theme \u201cOne People, United in Culture, Creating for the World,\u201d this edition\u2014organized in partnership with the Nigerian federal government and the State of Lagos\u2014goes beyond the usual scope of artistic festivities.<\/p>\n
With Afreximbank President Dr. George Elombi, Governor Babajide Sanwo-Olu, Minister Olajumoke Omoniyi Oduwole, and Wamkele Mene, Secretary General of ZLECAf, in attendance, the gathering brought together the ministers of culture from 11 African countries. Together, they affirmed a shared commitment: to build competitive value chains to harness the continent\u2019s creative wealth.<\/p>\n
<\/p>\n
The main obstacle to the development of Africa\u2019s cultural and creative industries has long been the lack of appropriate financing. Traditional commercial banks are often reluctant to lend to companies whose value is based on intangible assets.<\/p>\n
To bridge this gap, Afreximbank has reaffirmed and strengthened its action plan:<\/p>\n
This financial doctrine finally treats designers, musicians, and filmmakers as full-fledged business leaders, capable of generating sustainable cash flow and creating skilled jobs.<\/p>\n
![\"CANEX](\"https:\/\/africafashiontour.com\/wp-content\/uploads\/2026\/11\/2-3-819x1024.png\")
<\/p>\n
The other major breakthrough in this edition is the operational integration of the Pan-African Payment and Settlement System (PAPSS). For decades, selling a clothing collection or purchasing audiovisual rights between two African countries required converting funds into hard currencies such as the dollar or the euro, which drove up transaction costs.<\/p>\n
With the rollout of the PAPSS network, players in the creative industries can now settle their cross-border transactions directly in their respective local currencies.<\/p>\n
This banking infrastructure streamlines regional distribution channels and accelerates the establishment of the African Continental Free Trade Area. It enables workshops and production studios to export more easily to their neighbors without facing foreign currency shortages.<\/p>\n
world
\nAt the Luxury Fashion Xchange trade show and on the runways showcasing the Spring\/Summer 2027 collections, the tone was decidedly assertive. Designers from the continent and the diaspora hammered home an industrial imperative summed up by the slogan #MakeItInAfrica.<\/p>\n
The discussions emphasized the need to move away from a trade model inherited from the colonial era:<\/p>\n
By combining prestigious fashion shows with workshops on the supply chain, African fashion is asserting that it no longer seeks mere aesthetic approval, but complete control over its manufacturing.<\/p>\n
The strength of CANEX WKND lies in its cross-disciplinary approach. The event views the ecosystem as a whole, where each sector feeds into the others.<\/p>\n
Digital technology and contemporary creation have played a strategic role:<\/p>\n
By also incorporating the sports component through the celebration of the 30th anniversary of the Super Eagles\u2019 Olympic victory, in partnership with TopTier Sports Management, the summit underscored that elite sports are a major cultural and economic asset for the continent.<\/p>\n
Through this unprecedented gathering at the Wole Soyinka Center, CANEX WKND 2026 proves that Africa has all the resources it needs to shape its own narrative. By connecting institutional capital, financial engineering, and the artistic genius of the 54 nations and their diasporas, the event paves the way for shared prosperity.<\/p>\n
Creative Africa is no longer merely seeking its place in the global balance of power: backed by concrete investments and sovereign payment systems, it is establishing itself at the heart of the global economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
From November 5 to 8, 2026, the city of Lagos hosted CANEX WKND 2026 under the auspices of the African Export-Import Bank. By increasing its financial commitment to two billion dollars, the institution is cementing the historic transition from raw creativity to a self-sufficient and bankable industry.<\/p>\n","protected":false},"author":2,"featured_media":16128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[150],"tags":[],"class_list":["post-16140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en"],"_links":{"self":[{"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/posts\/16140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/comments?post=16140"}],"version-history":[{"count":0,"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/posts\/16140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/media\/16128"}],"wp:attachment":[{"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/media?parent=16140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/categories?post=16140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/africafashiontour.com\/en\/wp-json\/wp\/v2\/tags?post=16140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}