April 6, 2026

UNCTAD Warns Strait of Hormuz Depreciating Country Currencies

Franklin Ocheneyi2 weeks ago2 weeks ago01 mins

UN Trade and Development UNCTAD says that Strait of Hormuz disruptions has started weakening developing country currencies. UNCTAD, in its monitoring of changes in exchange rates against the dollar since the start of the military escalation (28 Feb 2026) till March 26, also said that the closure of the shipping line have started weakening global…

UNIDO and WTO to establish modern textiles and garment industry across West and Central Africa

Franklin Ocheneyi2 weeks ago2 weeks ago02 mins

UNIDO and WTO are mobilising USD5 billion in investment over a 10-year period, to establish modern textiles and garment industry across West and Central Africa. Ngozi Okonjo-Iweala, WTO Director-General, disclosed during the WTO 14th Ministerial Conference. “Today, around 98 percent of the region’s cotton is exported as raw fibre, although the region has the potential…

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April 6, 2026

UNCTAD Warns Strait of Hormuz Depreciating Country Currencies

UNIDO and WTO to establish modern textiles and garment industry across West and Central Africa