Preheat the oven to 350°F (175°C). Grease and flour a 10-inch tube pan.
Place dried figs in a saucepan, cover with water, and simmer over low heat for about 5 minutes until soft. Drain figs, reserving 1/2 cup of the cooking liquid.
In a separate bowl, sift together flour, baking powder, salt, baking soda, cinnamon, and cloves.
Cut figs into 1/4-inch cubes. Combine buttermilk and reserved cooking liquid in a medium bowl.
Using an electric mixer, beat sugar and butter until light and fluffy. One at a time, add the eggs, then stir in vanilla.
Alternate adding the flour mixture and buttermilk mixture, mixing well after each addition. Gently fold in figs and walnuts.
Pour the batter into the prepared pan and bake for 50 to 60 minutes until a toothpick inserted into the center comes out clean.
Cool in the pan for 15 minutes before turning out onto a wire rack to cool completely.
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