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...

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Rieter and the Johann Jacob Rieter Foundation Sponsor Professorship for Artificial Intelligence at the ZHAW

The Rieter Group is constantly expanding its technology leadership. Together with the Johann Jacob Rieter Foundation, the company is therefore supporting a new Endowed...

EURATEX Response to the Latest EU Energy Council Decision

More ambition and joint European efforts are needed Brussels, 4 October 2022 – On Friday 30 September, the EU Energy ministers approved a Council Regulation...

Turkish Textile Companies and Government Support

In the last decade, Turkish textile companies have been able to make great progress in the textile industry and enter vast export markets in...

Inflation, Currency Fluctuations, and Their Impact on the Global Textile Industry

By: Seshadri Ramkumar, Professor, Texas Tech University, USA With inflation reaching near double digits — a 40-year high — major national banks such as the...

THE GREEN COLLECTION is the centrepiece of DOMOTEX 2023

THE GREEN COLLECTION creates space for sustainable products THE GREEN COLLECTION is the centrepiece of DOMOTEX 2023. This special show is the central area in...

Modern and Urban: The Reinterpretation of Workwear

Technique and Fashion come together in Vittorio Branchizio's design New Horizons The 90th edition of Pitti Immagine Filati, was a scene of novelties for the world...

Cameroon joins Africa Finance Corporation to boost manufacturing investment

Cameroon officially became yesterday September 22, 2022, the 36th member of the Africa Finance Corporation (AFC). The latter is a multilateral financial institution established...

Turkish exports to Egypt break record in Jan.-Aug.

Türkiye’s exports to Egypt reached an all-time high from January through August with $2.8 billion (TL 51.10 billion), according to an Anadolu Agency (AA)...

Trade with Africa exceeds $520m in 4 Months

Iran traded 890,287 tons of non-oil commodities worth $526.35 million with African countries during the first four months of the current Iranian calendar year...

Iran’s exports to Albania stand at $3.6m in H1

The value of Iranian exports to Albania reached $3.6 million in the first six months of 2022, according to Albania’s Institute of Statistics (INSTAT). As...
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