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

The Lobito Corridor, it's a transcontinental railway and logistics project between Angola, Zambia and the DRC, transporting mainly mineral . There's a lot of activity in terms of exports and upgrades financed by big institutions.

The reason we are talking about it today is that Wellington Muzengeza who is a political risk analyst and urban strategist has penned an article highlighting how it is a test of sovereignty and governance and who controls Africa's critical minerals in the energy transition era. Reports indicate that there is a global demand for copper and cobalt and history has taught us what happens when there's a rush a demand for minerals.

Mr Musengaza spoke to Thami Ngubeni about what it is he is picking up around this corridor and what it is opening itself to especially now that it is being upgraded.

The Lobito Corridor, it's a transcontinental railway and logistics project between Angola, Zambia and the DRC, transporting mainly mineral . There's a lot of activity in terms of exports and upgrades financed by big institutions.
The reason we are talking about it today is that Wellington Muzengeza who is a political risk analyst and urban strategist has penned an article highlighting how it is a test of sovereignty and governance and who controls Africa's critical minerals in the energy transition era. Reports indicate that there is a global demand for copper and cobalt and history has taught us what happens when there's a rush a demand for minerals.
Mr Musengaza spoke to Thami Ngubeni about what it is he is picking up around this corridor and what it is opening itself to especially now that it is being upgraded.

Who are some of the players behind the upgrading of the Lobito Corridor?

We wrap-up our series on the economics of higher education by looking at what African leaders can do to prioritize funding in tertiary education.  

The series was sparked by Malawi's decision to double fees for higher education which will definitely exclude the poor. So we've invited South Africa's (SA) former Statistician-General who is well vested in this subject and also travelled the continent engaging with universities and other academic institutions. How do the Chines, Indian and other countries get it right and what is making Africa stay behind?

 To lead us in this discussion, Thami Ngubeni hosted Dr Pali Lehohla, SA's former Statistician-General.

We wrap-up our series on the economics of higher education by looking at what African leaders can do to prioritize funding in tertiary education. &nbsp;
The series was sparked by Malawi's decision to double fees for higher education which will definitely exclude the poor. So we've invited South Africa's (SA) former Statistician-General who is well vested in this subject and also travelled the continent engaging with universities and other academic institutions. How do the Chines, Indian and other countries get it right and what is making Africa stay behind?
&nbsp;To lead us in this discussion, Thami Ngubeni hosted Dr Pali Lehohla, SA's former Statistician-General.

What makes higher education expensive in Africa?

In today's markets slot we look at the Africa Unlocked conference underway in Cape Town, South Africa (SA).

Hosted by Standard Bank Business and Commercial Banking, the conference has evolved into one of the continent's leading business leadership platforms, convening influential business leaders, policymakers, investors, development finance institutions and entrepreneurs to exchange ideas, forge partnerships and explore practical solutions that support sustainable economic growth. In its third year, this year's event takes place under the theme: "Built in Africa: Amplifying Continental Growth." 

For more on this, Thami Ngubeni spoke to Junaid Jadwat, Head of Coverage for Business and Commercial Banking at Standard Bank SA.

In today's markets slot we look at the Africa Unlocked conference underway in Cape Town, South Africa (SA).
Hosted by Standard Bank Business and Commercial Banking, the conference has evolved into one of the continent's leading business leadership platforms, convening influential business leaders, policymakers, investors, development finance institutions and entrepreneurs to exchange ideas, forge partnerships and explore practical solutions that support sustainable economic growth. In its third year, this year's event takes place under the theme: "Built in Africa: Amplifying Continental Growth."&nbsp;
For more on this, Thami Ngubeni spoke to Junaid Jadwat, Head of Coverage for Business and Commercial Banking at Standard Bank SA.

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

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