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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Imran Khan Says Increasing Exports Pakistan’s Top Priority

Raising exports is the top priority of Pakistan, which is revamping the economy, according to Prime Minister Imran Khan, who said economic targets will...

COVID-19 likely to cost economy $1 trn in 2020: UNCTAD

The novel coronavirus COVID-19 outbreak could cost the global economy up to $1 trillion this year, according to a recent report released by the...

15 of The Middle East’s Most Sustainable Companies

Among the standard tales of political gameplay, trade movements and health scares that regularly hit the headlines, these days you’d be hard-pressed to go...

Iran’s Exports of Petrochemical Products Rises by 5%

Iran’s petrochemical exports during the first 10 months of the current Iranian year (March 21, 2019-January 20, 2020) rose by 5 per cent over...

GHANA WASTE EXPOSÉ: RECYCLING ASSOCIATION LAMBASTS DUMPING

The UK’s Textile Recycling Association (TRA) has reiterated that there should be no waste within shipments of clothes sent to African retail markets, after...

An Industry Goes Viral

The outbreak of the novel coronavirus (COVID-19) in China is already having an impact on the global textiles-apparel-fashion industry, writes Subir Ghosh When the novel...

Turkey Accepts Morocco’s FTA Ultimatum, Reviews Agreement

Morocco’s government said Turkey must accept the proposal to review the FTA or dissolve the agreement. Rabat – The Moroccan government announced that Turkey decided...

LONDON STARTS TO TAKE AFRICA SERIOUSLY

The UK has perhaps the widest range of economic, political, cultural and historical ties with Sub-Saharan Africa of any non-African state. Yet successive British...

EGYPT SECURES MAJOR INVESTMENT AT UK – AFRICA INVESTMENT SUMMIT

British Investment firm Actis pledged £3 billion ($3.93 billion) investment to a number of Egyptian projects. LONDON – Egypt secured a number of new investment...

THE CURRENT TIME IS THE BEST FOR INVESTMENT IN EGYPT: MINISTER OF PLANNING

Egypt’s Minister of Planning and Economic Development asserted through her speech delivered on the sidelines of the UK-Africa Investment Summit 2020 in London on...
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