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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HIGH TARIFFS BAD FOR AFRICAN CONTINENTAL FREE TRADE AREA

Sometimes, depending on the tax policy of a given country, a tariff could be set as high as 60%. Even though several factors influence...

Global economy to slow, tensions to ease in 2020: report

Global economic growth is likely to fall to just over 3 per cent in 2019 and 2020 from 3.8 per cent in 2018, while...

China Aims to Double 2010 GDP Figures By 2020 End

China's top economic priority in 2020 is to build a moderately prosperous society in all respects with regulatory support, policymakers and analysts said recently....

AS IT SHARES RISE 10%, SAUDI ARAMCO BECOMES WORLD’S LARGEST LISTED COMPANY

As its shares rose by 10 % on stock market debut in Riyadh, the Saudi Aramco company has become the world’s largest listed company. According...

Egypt enjoys good investment opportunities

UAE Ambassador to Egypt Gomaa Mubarak said that there are many good investment opportunities in Egypt for UAE businessmen. Addressing the Egypt-UAE Forum for Trade...

Turkey keen to open Dhaka office to boost bilateral trade

Turkey is eager to set up its own office in Bangladesh on the lines of the Japan International Cooperation Agency and the Korea International...

Jordan plight of Bangladeshi garment workers

Garment workers from Bangladesh working in Jordan, the number of which is quite substantial, are faced with adverse working conditions affecting their mental and...

SABIC CEO urges concerted investment in Gulf partnerships

The petrochemicals and chemicals industry in the Middle East must invest collaboratively in partnerships and concrete, actionable ideas if it is to sustain future...

MERKEL URGES REFORMS IN AFRICA TO WOO GERMAN INVESTORS TO THE REGION

German Chancellor Angela Merkel has hosted African leaders for the third G20 Compact with Africa summit in Berlin. The initiative aims to boost private...

Canadian Firms Explore Investment Opportunities in Egypt

Egyptian industry minister Amr Nassar and immigration minister Nabila Makram recently held extensive discussions with a delegation of five Canadian firms to discuss investment...
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