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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EGYPT Textile : Technological Symposium for Italian Textile Machinery

UNIDO (United Nations Industrial Development Organization) is organising, in collaboration with ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency, a...

International investors explore opportunities in Kazakhstan at Caspian Economic Forum

Kazakh Invest officials presented investment opportunities in Kazakhstan to foreign companies Aug. 11-12 at the first Caspian Economic Forum held in Turkmenistan, reports Invest.gov.kz. Kazakh...

India-Iran PTA to be concluded by 2019 end: Iranian envoy

India and Iran can conclude a preferential trade agreement (PTA) by this year end as very limited formalities are to be completed, ambassador of...

3,000 jobs for Kenyan workers by January 2020, says Mas Holdings!

Yes, that’s what the garment and textile manufacturer Mas Holdings Singapore has said. In its efforts to enhance Kenyan Government’s job creation plan, the...

Ethiopia and South Africa Unions Meet to Improve Collective Bargaining

Seven trade unionists from Ethiopia recently visited Cape Town to learn and understand strategies about collective bargaining and social dialogue. There cannot be a better...

Egyptian cotton ; Sustainability drive boosts

Egyptian cotton :: Following a renewed period of emphasis on improving sustainability, Egyptian cotton production and exports are at their highest for five years,...

Angola Concludes Recovery of Three Major Textile Factories

The Angolan Government officially completed the recovery of three strategic textile factories—Textang II (Luanda), África Têxtil (Benguela), and the former Satec unit (Dondo, Cuanza...

UAE and Japan Collaborate to Empower People of Determination

A ten-member delegation headed by H.E. Abdulla Al Humaidan, Secretary-General of Zayed Higher Organization for People of Determination (ZHO) recently visited Japan to receive...

Textile sector needs innovative technologies for faster growth

Textile sector :: Innovative technologies can be the answer to a greener footprint within the hydrocarbon dependent textile industry, concluded industry experts at a...

The Middle East ; Which Are The Middle Eastern Countries?

The Middle East is a term that is generally used to refer to the region located between the Asian and African continents. It is...
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