First Independent Mena Newspaper
Africa is emerging as a key manufacturing hub for Indian companies, as record-high U.S. tariffs — now up to 50% — threaten India’s export competitiveness, particularly in textiles, pharmaceuticals, and gems. The penalties, imposed largely in response to India’s continued oil trade with Russia, have forced Indian firms to pivot strategically toward Africa to maintain […]
Tunisia’s textile exports grew by 2.61 percent in the first five months of 2025 compared to the same period in 2024, reaching 3.94 billion dinars (€1.18 billion), according to Economy and Planning Minister Samir Abdelhafidh. Speaking at a seminar held in Monastir on Wednesday, August 27, he projected that exports could total 9.36 billion dinars […]
African nations are racing against time to renegotiate trade terms with the United States, as sweeping tariffs — initially set to begin 1 August — now loom for 7 August following a last-minute executive order by President Donald Trump. Trump’s latest executive order slaps a uniform 15% tariff on most African exports — threatening industries […]
China’s recent announcement that it was expanding its tariff-free policy to additional African countries, namely Angola, Gambia, Congo, Madagascar, Mali and Mauritania, may be a catalyst for new opportunities amid criticisms about the trade imbalance, according to experts. The Chinese government announced on 25 December 2023 that it was granting the additional six African states […]
Morocco’s economic growth is expected to increase to 3.3% in 2023 and strengthen further to 3.6% in 2024 and 3.8% in 2025, according to the projections of the Organization for Economic Cooperation & Development. In its latest report on the North African Kingdom, OECD says a rebound in agricultural production and the services sector, particularly […]
With more than half of the textiles sold by South African retailers are imported from abroad, out of which nearly 60% of those imports come from China, local retailers are signing on to a master plan by the government to support local businesses in an effort to bolster the country’s clothing and textile sector. As […]
On October 26-27, the 15th “Maroc in Mode” exhibition will be held in Marrakech to showcase the country’s growing textile sector, said Drapers, a magazine specializing in fashion and retail. The exhibition, organized by the Moroccan Textile Organization in partnership with the Foreign Trade Department and Maroc Export, will take place at the Moulay Hassan […]
It seems that economic cooperation between Morocco and India is gaining momentum since the historic visit paid last year by King Mohammed VI to that giant country. To boost further trade exchanges between the two countries, an Indian business delegation is expected in the North African country next week to explore the possibilities of partnership […]
State-owned Société de Gestion des Participations Industries Manufacturières (SGP-IM) has concluded an agreement with Taypa Tekstil Giyim, a Turkish company, to construct a multi-million dollar textile-clothing industry center in Algeria. The partnership is a part of the government’s efforts to promote joint public-private venture in the country and to attract foreign investment. The North African […]
Egypt and Malaysia look forward to setting up a free trade zone to boost the weak trade exchanges between the countries having great economic potentials and huge consumer markets. The two countries trade ministers have agreed to start negotiations on a free trade agreement (FTA) expected to lead to a progressive liberalization of trade between […]