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

Inflation in Malawi has gone down over the past year, declining from a peak of 30.5% in March 2025 to 23.8% by March 2026. Although the country's the economy, like many other African economy remains vulnerable to external shocks amid the fluctuating global oil prices, data suggests that price stability is improving. Joining us now to unpack this further is Chifi Mhango, Chief Economist, Executive Director of Economic Research and Strategy at Don Consultancy Group (SA

Inflation in Malawi has gone down over the past year, declining from a peak of 30.5% in March 2025 to 23.8% by March 2026. Although the country's the economy, like many other African economy remains vulnerable to external shocks amid the fluctuating global oil prices, data suggests that price stability is improving. Joining us now to unpack this further is Chifi Mhango, Chief Economist, Executive Director of Economic Research and Strategy at Don Consultancy Group (SA

Malawi’s Inflation drops, signaling emergency of economic stability 

Major Japanese multinational automobile manufacturer, Nissan is set to invest $45 million in expanding production in Egypt rather than South Africa. Early this year the manufacturer announced that it is exiting vehicle manufacturing in South Africa, and sold its  Rosslyn plant to Chinese automaker Chery. Business leaders in the country have raised concerns about the state of manufacturing in South Africa, saying such departures weaken the country's manufacturing base, contributing to factory closures and job losses. They also criticised government policies for creating an environment that hinders the country's attractiveness for manufacturing investment. Joining Thami Ngunbeni to discuss this further is Dr Alex Mohubetswane Mashilo, Visiting Researcher at the Southern Centre for Inequality Studies, University of the Witwatersrand, Johannesburg

Major Japanese multinational automobile manufacturer, Nissan is set to invest $45 million in expanding production in Egypt rather than South Africa. Early this year the manufacturer announced that it is exiting vehicle manufacturing in South Africa, and sold its &nbsp;Rosslyn plant to Chinese automaker Chery. Business leaders in the country have raised concerns about the state of manufacturing in South Africa, saying such departures weaken the country's manufacturing base, contributing to factory closures and job losses. They also criticised government policies for creating an environment that hinders the country's attractiveness for manufacturing investment. Joining Thami Ngunbeni to discuss this further is Dr Alex Mohubetswane Mashilo, Visiting Researcher at the Southern Centre for Inequality Studies, University of the Witwatersrand, Johannesburg

Concerns raised over future of SA manufacturing amid Nissan’s departure 

Taiwan has reaffirmed its position as a "trusted and capable" partner of the United States, as its President Lai Ching-te makes a high-profile visit to Eswatini. The visit comes amid rising tensions with China, after Taipei accused Beijing of blocking an earlier planned trip by denying overflight access through key Indian Ocean states. Despite the geopolitical friction, the U.S. State Department insists such visits are routine and should not be politicised. Our economics reporter innocent Semosa has looks at the political and economic implications…

Taiwan has reaffirmed its position as a "trusted and capable" partner of the United States, as its President Lai Ching-te makes a high-profile visit to Eswatini. The visit comes amid rising tensions with China, after Taipei accused Beijing of blocking an earlier planned trip by denying overflight access through key Indian Ocean states. Despite the geopolitical friction, the U.S. State Department insists such visits are routine and should not be politicised. Our economics reporter innocent Semosa has looks at the political and economic implications&hellip;

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

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