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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Pakistani experts emphasize on non-dollar trade with Iran

Speakers at a conference in Pakistan stressed upon the need to enhance non-dollar trade with Iran to boost economic ties between the two friendly...

Bangladesh to Increase Trade Exchanges with Iran

Bangladesh’s Economic Attaché in Tehran, Mohammed Sabour Hussein, has called for the expansion of economic and trade cooperation between Bangladesh and Iran, despite the...

Australia, Indonesia Sign Free Trade Agreement

Australia and Indonesia signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) on March 4, launching a new chapter in economic ties between the two...

Maharashtra industrial policy aims ₹10 trillion investment

Maharashtra recently unveiled an industrial policy for 2019-24, promising investments worth ₹10 trillion and 40 lakh jobs. Focussed on industrial growth and development of...

Dubai Chamber to back Ghana’s textile-apparel industry

The Accra office of the Dubai Business Chamber is keen to offer guidance and assistance to companies in Ghana’s textiles and fashion industry that...

S African firms interested in a Mozambique textile unit

South African textile firms are eager to reactivate the factory in Mozambique’s Chimoio belonging to the former Textáfrica – Sociedade Têxtil de Vila Pery,...

China’s Zhejiang province to Raise trade with Africa

The Zhejiang province in China plans to raise its trade volume with Africa to $40 billion by the end of 2022 to account for...

Indian exporters should tap Africa more: Exim Bank MD

Indian exporters need to tap more African countries that have an almost ‘unlimited market’, according to David Rasquinha, managing director of Export Import Bank...

UAE Energy Minister Honoured with Oil Diplomacy Award

The UAE minister of energy & industry Suhail Al Mazrouei, was presented with the 'International Oil Diplomacy Person of the Year 2018' award in...

Pm Wants $10-tn Economy India With Countless Start-ups

Prime Minister Narendra Modi recently spoke about his vision for making India a $10-trillion economy and the world's third largest, which has countless start-ups...
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