Economy News

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 and continued supply chain disruptions, according to the latest2026 African Trade...

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...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

US Proposes New Tariffs on Seven African Countries Over Forced Labour Concerns

The United States is considering imposing an additional 12.5 percentage point tariff on imports from seven African countries...

Nigeria Textile Import Ban Proposal Raises Concerns Over ₦10 Trillion Garment Industry

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Nigerian Senate’s proposal to ban...

Advertisment

AMEC AMETEX

Brussels Approves Five-Year Exemption to Boost Tunisia’s Textile Sector

In a move to enhance Tunisia’s textile industry, Brussels has approved a five-year exemption that will allow basic local processing to qualify as an...

Ghana Unveils Ambitious Plan to Revive Textile Sector with $2 Billion Target by 2033

Ghana's government has set its sights on revitalizing its struggling textile industry with a bold new policy aimed at transforming the sector into a...

Lenzing with Revenue and Earnings Growth in First Half of The Year – Tariff Policy Slows Recovery Momentum

Revenue grows to EUR 1.34 bn, EBITDA at EUR 268.6 mn Earnings after tax positive at EUR 15.2 mn Tariff measures place a...

India and Japan Deepen Textile Trade and Investment Collaboration

India and Japan are strengthening their textile trade and investment ties, building on the foundation of the India-Japan Comprehensive Economic Partnership Agreement (CEPA) signed...

Uzbek Trade Delegation Strengthens U.S. Ties and Showcases “Made in Uzbekistan” at Major New York Trade Shows

A high-level trade delegation from Uzbekistan’s Ministry of Investment, Industry and Trade (MIIT) completed a week-long visit to the United States from July 23...

Colombia’s Strategic Potential for Textile and Apparel Trade Highlighted by Turkish Commercial Counsellor

During the 36th edition of ColombiaModa in Medellín, one of South America’s most prominent fashion and textile exhibitions, Kohan Textile Journal had the opportunity...

AAFA Urges Swift, Long-Term Renewal of AGOA to Sustain and Expand U.S.–Africa Apparel Trade

The American Apparel & Footwear Association (AAFA) has called on U.S. lawmakers and trade officials to enact a long-duration renewal of the African Growth...

MENA Textile Machinery Market Faces Downturn in 2024 While Regional Production and Exports Show Resilience

The Middle East and North Africa (MENA) textile weaving and knitting machinery market experienced a notable contraction in 2024, according to the latest report...

AfDB and EABC Sign $1 Million Deal to Boost Sustainable Industrialisation in East Africa

The African Development Bank (AfDB) and the East African Business Council (EABC) have signed a $1 million grant agreement to promote sustainable industrialisation and...

Bangladesh Seeks to Boost RMG Raw Material Imports from South Korea

Bangladesh’s ready-made garment (RMG) sector is setting its sights on deeper trade collaboration with South Korea, particularly through increased imports of raw materials and...
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
AMEC AMETEX
spot_img
spot_img