Stakeholders seek investment for African beauty industry

Stakeholders in the beauty industry have stressed the need for business financing, financial technology and supply chains to navigate the sector.
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This was at the fourth edition of Traction’s business and networking forum themed “Beauty Biz Roundtable: Unlocking Growth in the Beauty Sector” held in Lagos.

Traction, a growth partner for Small and Medium-sized enterprises (SME) collaborated with Oriki, a beauty and wellness company on the project.

Co-founder, Traction Dolapo Adejuyigbe, said: “The beauty and lifestyle sector is a fast-growing one and Traction is happy to be one of the platforms supporting that growth.”

Founder, Oriki Group, Joycee Awosika, said: “Over the years, I have realised the need for more conversations and initiatives that focus on creating growth systems for existing and upcoming entrepreneurs within the beauty and lifestyle sector.”
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