Economy News

India-New Zealand FTA Creates US$2 Billion Export Opportunity for Indian Textile Industry

India's textile and apparel industry is expected to benefit significantly from the forthcoming India-New Zealand Free Trade Agreement (FTA), which is set to enhance bilateral trade, improve market access,...

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

U.S. Textile and Apparel Industry Unites Behind New Trade Incentive Proposal

For the first time in recent years, leading U.S. textile manufacturers, apparel brands and retailers have jointly proposed...

Afreximbank: Africa’s Economy Grows 4.5% in 2025 Despite Global Trade Challenges

Africa strengthened its economic resilience in 2025, recording faster economic growth despite rising geopolitical tensions, slowing global demand...

Mohawk Cleared to Acquire Bremworth as Deadline Looms for New Zealand Wool Carpet Deal

Mohawk Industries has received regulatory approval to acquire Bremworth, bringing one of New Zealand’s best-known wool carpet manufacturers...

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H&M Group Ventures Backs Yaga in €4M Pre-Series A to Boost Global Second-Hand Fashion

Yaga, a fast-growing online resale fashion platform, has secured €4 million (about R80 million) in a pre-Series A global funding round. The investment comes...

ATTI Highlights Sustainability Progress in Turkey and Bangladesh

The Apparel and Textile Transformation Initiative (ATTI), a newly launched global program spearheaded by the International Apparel Federation (IAF) and the International Textile Manufacturers...

Africa Finance Corporation Partners Lagos Fashion Week 2025 to Drive Africa’s Creative and Manufacturing Transformation

The 2025 edition will spotlight circular fashion, responsible sourcing, and regional value chains, areas where AFC’s infrastructure investments are helping bridge Africa’s creative and...

AfroTalks Lagos 2025 Redefines the African Dream Through Innovation and Dialogue

The AfroTalks Lagos 2025 conference, held on October 11th at Alliance Française, Ikoyi, proved to be a transformative platform for African innovation, identity, and...

Morocco Reaffirms Commitment to Stronger Africa–Turkiye Partnership

Omar Hejira Highlights Morocco’s Strategic Role at Turkiye–Africa Business Forum Morocco’s Secretary of State for Foreign Trade, Omar Hejira, reaffirmed his country’s commitment to advancing...

Picanol’s Next-Generation of OmniPlus-i Connect Weaving Machine Will take the Stage For the First Time at ITMA ASIA + CITME, Singapore 2025

At ITMA ASIA + CITME, Singapore 2025, Picanol is looking forward to unveiling the next-generation OmniPlus-i Connect airjetweaving machine, which sets a new benchmark...

Destination Africa 2025 to Open in Cairo on November 12–13

The African textile and apparel sector will once again take center stage as Destination Africa 2025 opens its doors on November 12–13 in Cairo....

Vietnam’s Textile Industry Poised for Major Breakthrough

Vietnam’s textile and garment industry is entering a decisive new phase marked by strong export growth, expanding market reach, and structural transformation — even...

New Investor Takes Over Rivatex East Africa, Lays Off 3,000 Workers Amid Major Restructuring

In a bold move to revive one of Kenya’s oldest textile manufacturers, the Ministry of Trade, Industry, and Investments has officially transferred the operations...

BW Converting’s Baldwin brand validated by Fashion for Good and Apparel Impact Institute

Baldwin TexCoat® G4 precision spray finishing recognized as a proven climate solution to reduce energy, water, and CO₂e emissions in textiles BW Converting announces that...
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