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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Zimbabwe: Global Fund Invites Govt to Apply for U.S.$75 Million Grant Access

By Alois Vinga International financier, Global Fund (GF) has invited Zimbabwe to submit a funding request in order to access the US$75 million Covid-19 Response...

Turkey, Egypt to benefit from cooperation on East Med

As Ankara and Cairo adopt a more reconciliatory tone and are scheduled to meet next month, experts point out that cooperation in the Eastern...

Morocco Second Largest African Investor in France in 2020

Rabat – In 2020, Morocco became the second biggest African investor in France, representing a 0.5% share of France’s total foreign investment. According to Foreign...

India-UAE-Israel trilateral trade could reach $110 bn by 2030

Tapping into the mutual strengths of India, Israel and the United Arab Emirates could propel the trilateral trade among these nations to $110 billion...

Exclusive exhibition of Iranian products to be held in Sulaymaniyah

TEHRAN- An exclusive exhibition of Iranian products is planned to be held in Sulaymaniyah of Iraqi Kurdistan in late May. Iran had also held an...

NNF DESIGN PRESENTATION 2021

DESCAT UK- Dev Ethical Sustainable Crafts and Textiles- a DIPP recognized B2B social impact startup for fashion, is organizing “NNF DESIGN PRESENTATION-2021” during Fashion...

Turkey’s exports to UK surge in Q1 following post-Brexit FTA

Turkish exporters have seen a noteworthy surge in exports to the United Kingdom from January to March this year following the signing of a...

Turkish firms plan to spend $50 million to construct textile factories in Azerbaijan

Turkey-Azerbaijan Turkish firms plan to spend $50 million to construct textile factories in the liberated territory of Azerbaijan according to the TÜMKİAD (Turkish Association...

Mohawk provides employees COVID-19 vaccine access

Home  COVID-19  COVID-19-home  Mohawk provides employees COVID-19 vaccine access Calhoun, Ga.— As many states began to advance their vaccine availability this month, Mohawk Industries leadership said it immediately...

Turkey-Azerbaijan trade to reach $15B with investments, FTA

An increase in the mutual investments and commissioning of a free trade agreement (FTA) could easily pave the way for Turkey and Azerbaijan to...
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