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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AfroTalks Lagos 2025 Redefines the African Dream Through Innovation and Dialogue

The AfroTalks Lagos 2025 conference, held on October 11th at Alliance Française, Ikoyi, proved to be a transformative platform for African innovation, identity, and...

Morocco Reaffirms Commitment to Stronger Africa–Turkiye Partnership

Omar Hejira Highlights Morocco’s Strategic Role at Turkiye–Africa Business Forum Morocco’s Secretary of State for Foreign Trade, Omar Hejira, reaffirmed his country’s commitment to advancing...

Picanol’s Next-Generation of OmniPlus-i Connect Weaving Machine Will take the Stage For the First Time at ITMA ASIA + CITME, Singapore 2025

At ITMA ASIA + CITME, Singapore 2025, Picanol is looking forward to unveiling the next-generation OmniPlus-i Connect airjetweaving machine, which sets a new benchmark...

Destination Africa 2025 to Open in Cairo on November 12–13

The African textile and apparel sector will once again take center stage as Destination Africa 2025 opens its doors on November 12–13 in Cairo....

Vietnam’s Textile Industry Poised for Major Breakthrough

Vietnam’s textile and garment industry is entering a decisive new phase marked by strong export growth, expanding market reach, and structural transformation — even...

New Investor Takes Over Rivatex East Africa, Lays Off 3,000 Workers Amid Major Restructuring

In a bold move to revive one of Kenya’s oldest textile manufacturers, the Ministry of Trade, Industry, and Investments has officially transferred the operations...

BW Converting’s Baldwin brand validated by Fashion for Good and Apparel Impact Institute

Baldwin TexCoat® G4 precision spray finishing recognized as a proven climate solution to reduce energy, water, and CO₂e emissions in textiles BW Converting announces that...

Alarming Decline in Turkey’s Textile and Apparel Industry: $7 Billion Production Loss and 210,000 Jobs Gone

The Turkish textile and apparel sector, one of the country’s most vital industrial pillars and a major source of employment, is facing its most...

Uzbekistan’s Textile Exports Reach $1.7 Billion in First Eight Months of 2025

Uzbekistan exported textile products worth $1.7 billion in the first eight months of 2025, according to the National Statistics Committee. This figure represents 7.3...

China and Uzbekistan Deepen Cooperation Beyond Energy and Infrastructure

As relations between China and Uzbekistan expand, their partnership is no longer limited to traditional sectors such as energy and infrastructure. New areas of...
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