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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TOGO Fashion and Textile Industry Rely on WAX Printing

Togo, country of western Africa. lome, the capital, is situated in the southwest of the country and is the largest city and port. Until...

UK-Japan Free Trade Agreement for UK fashion and textiles

The government has recently announced that it has, in principle, secured a Free Trade Agreement (FTA) with Japan. The FTA has to be signed...

EAC TO INCREASE TAXES ON IMPORTED TEXTILES

The East African government has announced plans to increase taxes paid by citizens on imported textile between 30 and 35 percent, in order to...

Ethiopia: Textile Sector Moves Promising Step Amid Challenges

The Ethiopian Textile Industry Development Institute (ETIDI) disclosed that the nation earned over 171.7 million USD during the just ended budget year from textile...

TEXTILES DESIGNED TO PERFORM SUSTAINABLY

Sustainable features offer added value to performance textiles for the home. Once found primarily in high-traffic commercial and hospitality settings, performance textiles are increasingly making...

Turkey set to break new export records after pandemic

Turkey saw similar declines during crises, but managed to rapidly hit new records, says head of the exporters association Turkey's exporters will recover quickly and...

European Bank, Moroccan NGO Conclude Loan to Support Women Entrepreneurs

By Safaa Kasraoui  The European bank aspires to assist Al Amana Microfinance in supporting women entrepreneurs and developing income-generating activities in rural areas. Rabat – The...

How to Rebuild the African Fashion Industry in The Post Pandemic Era

Thinking digital and circular solutions As factories close their doors and border closures and travel restrictions interrupt supply chains, the workers have been left to...

IsDB Group implements 80 projects in Senegal worth US$2.6 billion

Dr Bandar Hajjar, Chairman of the Islamic Development Bank Group (IsDB Group), stated that IsDB Group is currently implementing 80 development projects in Senegal...

Saudi issues 506 new foreign investment licences in H1

Riyadh – Mubasher: A total of 506 new international companies were granted investor licences during the first half (H1) of 2020, according to the...
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