A new Oxfam report released today says up to $41 billion in World Bank climate finance is unaccounted for due to poor record-keeping practices.

The report comes ahead of the World Bank and International Monetary Fund Annual meetings in Washington.

Thami Ngubeni spoke to Oxfam in Africa's David Abudho.

A new Oxfam report released today says up to $41 billion in World Bank climate finance is unaccounted for due to poor record-keeping practices.
The report comes ahead of the World Bank and International Monetary Fund Annual meetings in Washington.
Thami Ngubeni spoke to Oxfam in Africa's David Abudho.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

Oxfam finds $41 billion in World Bank climate finance unaccounted for

In today's market segment, we examine Africa's energy sector. With global initiatives such as the World Bank and African Development Bank's Mission 300 aiming to address Africa's electricity gap, decentralized energy is anticipated to play a significant role in improving access to power and fostering sustainable economic growth throughout the continent. We discuss Standard Bank's contribution to the decentralized energy ecosystem through innovative financing structures, risk-sharing partnerships, and local currency funding solutions. Additionally, we will explore how energy access is evolving beyond simple electrification to act as a catalyst for economic productivity, enabling farmers, small and medium-sized enterprises, manufacturers, and communities to stimulate growth, create jobs, and enhance Africa's long-term development prospects. Joining us for this discussion, Thami Ngubeni spoke to  Brian Tahinduka, Executive Head of Energy, Infrastructure & Mining for Business & Commercial Banking (Africa Regions & Offshore), Standard Bank Group.

In today's market segment, we examine Africa's energy sector. With global initiatives such as the World Bank and African Development Bank's Mission 300 aiming to address Africa's electricity gap, decentralized energy is anticipated to play a significant role in improving access to power and fostering sustainable economic growth throughout the continent. We discuss Standard Bank's contribution to the decentralized energy ecosystem through innovative financing structures, risk-sharing partnerships, and local currency funding solutions. Additionally, we will explore how energy access is evolving beyond simple electrification to act as a catalyst for economic productivity, enabling farmers, small and medium-sized enterprises, manufacturers, and communities to stimulate growth, create jobs, and enhance Africa's long-term development prospects. Joining us for this discussion, Thami Ngubeni spoke to&nbsp; Brian Tahinduka, Executive Head of Energy, Infrastructure &amp; Mining for Business &amp; Commercial Banking (Africa Regions &amp; Offshore), Standard Bank Group.

World Bank and African Development Bank's Mission 300 aiming to address Africa's electricity gap

The Big 5 Construct Kenya is returning for the ninth edition to Sarit Expo Centre in the capital Nairobi. Those in the sector say that the country's construction sector continues to see activity across a substantial project pipeline, valued at $26 billion. The event which runs from the 21st – 23rd of October, brings together more than 150 exhibitors from over 25 countries. To talk about what to expect this time around, Thami Ngubeni spoke Josine Heijmans, Senior Vice President of dmg events

The Big 5 Construct Kenya is returning for the ninth edition to Sarit Expo Centre in the capital Nairobi. Those in the sector say that the country's construction sector continues to see activity across a substantial project pipeline, valued at $26 billion. The event which runs from the 21st &ndash; 23rd of October, brings together more than 150 exhibitors from over 25 countries. To talk about what to expect this time around, Thami Ngubeni spoke Josine Heijmans, Senior Vice President of dmg events

Big 5 Construct Kenya is returning for the ninth edition to Sarit Expo Centre in the capital Nairobi

Looks like the African continent is really embracing the Dangote Group's investment in a refinery. This time around Uganda's capital markets regulator gave approval for its local investors to participate in the planned initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. Economists say that this broadens access to what is expected to be Africa's largest public share sale. The move comes days after Kenya's capital markets regulator approved a short-form prospectus for a global depository receipt, paving the way for Kenyan investors to participate in the offering as the transaction gathers momentum across East Africa. For a perspective on this, Thami Ngubeni spoke to Kelvin Chisanga, economist based in Zambia

Looks like the African continent is really embracing the Dangote Group's investment in a refinery. This time around Uganda's capital markets regulator gave approval for its local investors to participate in the planned initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. Economists say that this broadens access to what is expected to be Africa's largest public share sale. The move comes days after Kenya's capital markets regulator approved a short-form prospectus for a global depository receipt, paving the way for Kenyan investors to participate in the offering as the transaction gathers momentum across East Africa. For a perspective on this, Thami Ngubeni spoke to Kelvin Chisanga, economist based in Zambia

Oxfam finds $41 billion in World Bank climate finance unaccounted for

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