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President Kagame Hosts Danish Billionaire Anders Holch

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Danish billionaire Anders Holch Povlsen, owner and CEO of Bestseller, a fashion company on Saturday met with President Paul Kagame in the capital Kigali.

Anders Holch Povlsen, 50, is sole owner of the international retail clothing chain Bestseller. He is also the largest shareholder in the British internet fashion retailer ASOS and second-largest in German internet clothing retailer Zalando.

Details of their discussion were not communicated except the mention by the presidency, “Today at Urugwiro Village, President Kagame met with Anders Holch Povlsen, owner and CEO of Bestseller, a fashion company with more than 20 brands selling across 70 countries worldwide.”

However, Bestseller is known to have established solar power plants at textile factories producing clothes and shoes in Bangladesh to contribute in lowering its overall carbon footprint.

Rwanda aggressively needs investors to expand the local textile sector as well as the green energy initiatives of which President Kagame is ambitious about. Bestseller could therefore be interested in tapping into a host of opportunities in Rwanda.

“We’re looking forward to collaborating with our close suppliers and gaining new experiences in relation to how Bestseller can contribute to spreading a sustainability focus in all parts of the fashion industry,”Anders Holch Povlsen previously said.

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