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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Btex Appoints Brian Rogers to Lead U.S. Sales

Benin Textiles (Btex), the vertically integrated towel and sheet manufacturer, has appointed longtime home textiles executive Brian Rogers as Vice President of U.S. Sales,...

OfBusiness to Fully Acquire Indian Design, Expanding Global Apparel Capabilities

B2B commerce and financing platform OfBusiness is set to acquire the remaining 30% equity in Indian Design, a leading Bengaluru-based garment and home textile...

Companies Seek EU Flexibility to Avoid Waste and Costs

EDANA, the voice of nonwovens, alongside a coalition of leading European business associations, has issued a joint statement urging the European Commission to introduce...

Outlast® Wins WTiN Innovate Textile Award with Aersulate®

Outlast Technologies GmbH has been awarded the WTiN Innovate Textile Award in the cate-gory Material Innovation for Aersulate®, its aerogel-infused insulation technology. The award...

PIGMENTURA by CHT Wins The German Sustainability Award in the Products Category

The German Sustainability Award was presented in Düsseldorf in the Products category. The award has been presented since 2008 for exemplary sustainability achievements in...

India Approves ₹305 Crore (Approx. USD 34 Million) Tex-RAMPS Scheme to Accelerate Textile Innovation

The Government of India has approved the ₹305 crore (approximately USD 34 million) Tex-RAMPS scheme, a major initiative designed to drive research, innovation and...

Kenya Welcomes AGOA Extension Proposal

Kenya has welcomed a proposal by the United States administration to extend the African Growth Opportunity Act (AGOA) for an additional year, a move...

India Targets Textile Export Growth Through Deeper Trade Ties With Russia

India’s textile industry is set to gain fresh momentum as New Delhi and Moscow move toward deeper economic cooperation aimed at expanding bilateral trade...

Eswatini Urged to Diversify Textile Export Markets as AGOA Nears End

Eswatini can no longer rely predominantly on its traditional export markets for textile and garment products if it aims to sustain and expand its...

D-8 Ministers Adopt Cairo Declaration, Advance Preferential Trade Talks

Trade ministers from the Developing-8 (D-8) group adopted the Cairo Trade Declaration at the conclusion of their ministerial meeting held on December 2, 2025,...
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