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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Africa Finance Corps secures $400 million funding from South Korea and Dubai

Pan-African development financial institution, Africa Finance Corps (AFC) has raised $400 million in funds as its fundraising attracted new lenders from the Middle East...

China-Africa trade up by 38.2% YoY to $185.2 bn in Jan-Sep 2021

China-Africa trade rose by 38.2 per cent year on year (YoY) to $185.2 billion between January and September this year, reaching the highest level...

Togo considers new ways to boost women entrepreneurship

During a meeting held this week, the ministry of trade, representatives of the African Development Bank (AfDB), and a group of Togolese businesswomen (Nana...

Exclusive exhibit of Iranian goods to be held in Syria in early Dec

Syrian Capital Damascus is going to host the second exclusive exhibition of Iranian goods during November 29-December 3, IRIB reported. The exhibition features companies active...

Tunisia’s real GDP up 0.3% in Q3 2021

Tunisia’s real gross domestic product (GDP) grew by 0.3% year-on-year in the third quarter (Q3) of 2021 (July-September), showing the gradual recovery of economic...

Tunisia: Industrial production up 27.8% in Q2 2021, year-on-year

The industrial production index was up 27.8% in the second quarter of 2021 (Q2) compared to the same period last year, the National Institute...

IsDB Supports Saudi Exim Bank’s Efforts to Strengthen Export Industry

A Boost for Saudi Businesses: IsDB Supports Saudi Exim Bank’s Efforts to Strengthen Export Industry Saudi businesses have received the backing of Islamic Development Bank...

Tunisia could cancel trade agreement with Turkey

By Reuters News Service Tunisia is seeking an urgent review of a trade agreement with Turkey in order to cut a widening deficit, two Tunisian...

Iran-Oman online exhibit to be held in late August

Iran-Oman Joint Chamber of Commerce will hold the first online exhibit of the two countries on August 29, Iran Chamber of Commerce, Industries, Mines,...

Zorlu Holding new investment projects in Azerbaijan

By Ayya Lmahamad Turkey’s leading Zorlu holding will implement investment projects in Azerbaijani’s economy. A relevant memorandum of understanding was signed between the company and Azerbaijan’s...
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