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.

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

British American Tobacco South Africa has confirmed that it will shut down its only cigarette manufacturing plant in Heidelberg, Gauteng province, a move that puts more than two hundred jobs at risk. While the company has blamed the growing illicit tobacco trade, advocacy group Civic Root says the closure exposes deeper failures by the state to enforce existing laws and protect workers.

As Parliament considers the Control of Tobacco Products and Electronic Delivery Systems Bill, Civic Root is warning that tougher regulations, without effective enforcement, could worsen job losses and strengthen illegal markets. Thami Ngubeni spoke to Civic Root Advocacy Managing Director Siyabulela Jentile.

British American Tobacco South Africa has confirmed that it will shut down its only cigarette manufacturing plant in Heidelberg, Gauteng province, a move that puts more than two hundred jobs at risk. While the company has blamed the growing illicit tobacco trade, advocacy group Civic Root says the closure exposes deeper failures by the state to enforce existing laws and protect workers.
As Parliament considers the Control of Tobacco Products and Electronic Delivery Systems Bill, Civic Root is warning that tougher regulations, without effective enforcement, could worsen job losses and strengthen illegal markets. Thami Ngubeni spoke to Civic Root Advocacy Managing Director Siyabulela Jentile.

British American Tobacco South Africa to shut down its cigarette manufacturing plant in Heidelberg, Gauteng province

Kenya has reached a preliminary trade agreement with China that would grant 98% of its exports duty‑free access to the Chinese market, with negotiations toward a comprehensive final deal still underway. The move reflects Nairobi’s deepening economic ties with Beijing, following President William Ruto’s state visit to China last year, during which several financing and cooperation agreements were signed.

Meanwhile, the Kenyan government says it is seeking to expand exports to the United States, building on renewed market access after the African Growth and Opportunity Act (AGOA) received approval from the US House of Representatives. Thami Ngubeni spoke to Kenya‑based Economist Francis Sang.

Kenya has reached a preliminary trade agreement with China that would grant 98% of its exports duty‑free access to the Chinese market, with negotiations toward a comprehensive final deal still underway. The move reflects Nairobi&rsquo;s deepening economic ties with Beijing, following President William Ruto&rsquo;s state visit to China last year, during which several financing and cooperation agreements were signed.
Meanwhile, the Kenyan government says it is seeking to expand exports to the United States, building on renewed market access after the African Growth and Opportunity Act (AGOA) received approval from the US House of Representatives. Thami Ngubeni spoke to Kenya‑based Economist Francis Sang.

Kenya reaches a preliminary trade agreement with China that would grant 98% of its exports duty‑free access to the Chinese market

The recently released State of African Energy 2026 Outlook from the African Energy Chamber highlights that oil and gas continue to form the backbone of Africa’s energy systems. Established producers such as Algeria, Nigeria, Angola and Libya continue to anchor continental supply, but face increasing pressure to secure sustained capital injections, infrastructure upgrades and ongoing maintenance to prevent output declines.

The report further notes that access to financing will be the critical factor determining whether recent oil and gas discoveries in countries including Namibia, Côte d'Ivoire, Senegal, Mozambique and Mauritania are ultimately developed into commercially viable and material production. Thami Ngubeni spoke to Verner Ayukegba, Senior Vice President at the African Energy Chamber.

The recently released&nbsp;State of African Energy 2026 Outlook from the African Energy Chamber highlights that oil and gas continue to form the backbone of Africa&rsquo;s energy systems. Established producers such as Algeria, Nigeria, Angola and Libya continue to anchor continental supply, but face increasing pressure to secure sustained capital injections, infrastructure upgrades and ongoing maintenance to prevent output declines.
The report further notes that access to financing will be the critical factor determining whether recent oil and gas discoveries in countries including Namibia, C&ocirc;te d'Ivoire, Senegal, Mozambique and Mauritania are ultimately developed into commercially viable and material production. Thami Ngubeni spoke to Verner Ayukegba, Senior Vice President at the African Energy Chamber.

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

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