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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East African SMEs learn Shibori tie and dye technique

Twenty-eight trainees from fashion houses, training institutions and home décor companies from East Africa learnt how to use the Shibori tie and dye technique...

Online Shopping Marketplace, DivaNoor, for Middle East

A new online shopping marketplace - DivaNoor – has been launched for women in the Middle East. The marketplace, a collection of style and...

Exhibitors line up novel products at Leatherworld ME

Middle East luxury retailers, traders, manufacturers or designers looking for novel products to boost their businesses will be treated to a buffet of unique...

Mango extends e-commerce adaptation to Middle East

Mango has extended the adaptation of its website to Bahrain, Lebanon and Oman. The extension is following the successful launch of e-commerce expansion in...

Scott Bader to show composites at Middle East Rail 2017

Scott Bader, UK-based chemical company, is set to participate at the Middle East Rail 2017, now in its 10th successive year and the region’s...

Amazon to acquire Middle East online retailer Souq.com

The world's biggest online retailer Amazon is acquiring Souq.com, an ecommerce marketplace with roots in the Middle East. Souq is the largest online retail...

Source Africa , ATF textile shows acquired by Messe Frankfurt

Source Africa and ATF, two of Africa’s largest textile, apparel and footwear shows hosted by organizer LTE has been acquired by Messe Frankfurt, one...
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