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Half of UK business leaders expecting inflation to get worse in the next 12 months
UK businesses expect to be hit the hardest by inflation , according to new research from Taulia . Nearly half ( 48 %) of UK businesses expect inflation to get worse in the next 12 months , higher than businesses in Germany ( 42 %), Singapore ( 35 %) and the US ( 21 %).
More than two-fifths ( 42 %) of UK businesses predict that the current inflationary environment will continue for more than two years . An additional 44 % of UK-based businesses expect today ’ s inflationary environment to last between one and two years .
The findings come at a time where nearly nine in 10 ( 87 %) businesses are concerned about the impact inflation will have on their business .
Thomas Mehlkopf , General Manager and Head of Working Capital Management CoE for Taulia at SAP , said : “ Alarm bells have started to go off for a significant number of UK businesses in the face of spiralling inflation as there is no clear end in sight . As a result , many are very clearly expressing their concerns about how long they can withstand the inflationary environment .
“ Looking ahead , businesses will need to look at ways to help ease the growing financial pressures that come with rising inflation , and this is where working capital management solutions have a vital role to play . These solutions work to unlock cash trapped in the supply chain and can help businesses not only survive but thrive during these turbulent times .”
Tanzanian bankers tap skills from Egyptian Banking Institute
Within the framework of the Egyptian Banking Institute ' s strategy to develop human capital in the African banking sector , the Egyptian Banking Institute ( EBI ) – the training arm of the Central Bank of Egypt – has launched the first round of ‘ EBI Executive Programme ’ for the African banking sector .
The programme aims to develop executive leadership talents and competencies as well as enrich technical knowledge for the senior executives from the African banking and financial sectors by raising the efficiency of employees working in these sectors . games and role-playing activities in order to achieve the utmost benefit of the programme .
“ The African continent is an important pillar in our strategy ; therefore we continually develop co-operation opportunities and implement training programmes that invest in the human capital within the African financial and banking sectors ,” said Dr Abdel Aziz Nossier , the Executive Director of the Egyptian Banking Institute ( EBI ).
The programme was conducted in Cairo with the participation of a number of senior executives from four banks in Tanzania and Zambia .
During the programme , the latest trends and developments in various topics were discussed and presented such as strategy , sustainability , corporate governance , agility , disruptive innovation , dealing with the media and Banking Digital Transformation .
The in-class training programme has been designed to include different training methodologies based on case studies , simulation
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