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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First hybrid event for Gartex Texprocess India & Screen Print 

India’s most comprehensive exhibition on garment and textile manufacturing – Gartex Texprocess India is all set to be launched as a ‘hybrid’ event in...

Uzbek trade body, Indonesian textile firm mull cooperation

Representatives of the Uzbekistan Textile and Garment Industry Association recently held a videoconference with Indonesia’s PT. Pan Brothers Tbk and discussed trade and investment...

Global Plastics and Rubber Digital Exhibition (Jiangsu Pavilion)

G-Plast has successfully held two times until now and this is our Phase 3. At this time we cooperate with Jiangsu Trade Promotion Trade...

New Djibouti sea route to reduce Turkey, Horn of Africa shipping time to 10 days

BY DILARA ASLAN / Daily Sabah The first container ship of the Djibouti Shipping Company, which will exclusively operate between Turkey, Djibouti and Somalia, was...

Indian MSMEs may use Ghana as gateway to Africa

New Delhi, Oct 24 (KNN) To enhance India-Ghana bilateral trade and investment opportunities, World Trade Center Mumbai and World Trade Center Accra has jointly...

Turkey, Kenya to Boost Trade, Economic Cooperation

Ahmet Cemil Miroglu says Turkey regards Kenya as reliable partner in East and Horn of Africa region Turkey aims to diversify and elevate its economic...

Saudi Arabia receives only 1.8% of Turkey exports

Turkish commodity exports to Saudi Arabia constitute only 1.8 per cent of Ankara’s annual exports, Turkey’s Anadolu Agency reported. The agency collected data on trade...

Turkey opens investigation into Saudi dumping of polyethylene prices

Ankara takes the first step against Saudi Arabia after allegations of sanctions on Turkish products Turkey's first and only integrated petrochemical plant, Petkim appealed to...

Turkey, Ukraine committed to making free trade deal, reaching $10B

Turkey and Ukraine are committed to making a bilateral free trade agreement (FTA) and further boosting their mutual trade volume through investments and increased...

Armenia to impose economic sanctions on Turkey

YEREVAN, OCTOBER 16, ARMENPRESS. The Ministry of Economy of Armenia has drafted and introduced for public debates a bill that seeks to temporarily ban...
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