Heard a lot about ‘Bidenflation’ lately? petek, September 5, 2024 It’s a clunky portmanteau, so if “Bidenflation” is on the way out, our ears might be just as grateful as our wallets. Relief does seem to be coming on both counts. By a variety of measures, voters are gradually growing less prone to inflation and more confident that a solid economy will last for a while. If you squint, there’s a corresponding improvement in President Joe Biden’s reelection odds. Inflation peaked at 9% in June 2022 and has since dropped to a much more manageable 3.2%. But the shock of spiraling prices has stayed with consumers, who have remained gloomy … Continue Reading
British International Investment extends $100 million finance facility to TDB to support trade and food security in Africa petek, September 2, 2024 The facility will support businesses and financial institutions to increase trade finance activities in Africa. Better access to trade finance will support the flow of vital goods and services. This includes agricultural goods such as fertilisers, seeds and machinery which will help address food security issues in Africa. British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, today announced a US$ 100 million finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is designed to strengthen economic resilience in the region by supporting essential trade finance activities, fostering agricultural development … Continue Reading