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

Lindile Malgas, Investment Strategist at Absa Investments, unpacks the recent global market performance and movements in the rand, discusses the trading statement released by gold‑miner Pan African Resources for the six months ended December 31 2025, and looks ahead to key economic and earnings releases expected in the week.

Lindile Malgas, Investment Strategist at Absa Investments, unpacks the recent global market performance and movements in the rand, discusses the trading statement released by gold‑miner Pan African Resources for the six months ended December 31 2025, and looks ahead to key economic and earnings releases expected in the week.

The latest business and market developments with Lindile Malgas, Investment Strategist at Absa Investments

Redefine Properties' Chief Financial Officer, Ntobeko Nyawo, says South Africa's progress toward regaining an investment-grade sovereign credit rating is already yielding positive momentum for the listed property sector (SA REITs). He points to the country's removal from the Financial Action Task Force (FATF) grey list as a key development expected to unlock stronger capital inflows and reinforce investor confidence. Thami Ngubeni spoke to Redefine Properties' Chief Financial Officer, Ntobeko Nyawo.

Redefine Properties' Chief Financial Officer, Ntobeko Nyawo, says South Africa's progress toward regaining an investment-grade sovereign credit rating is already yielding positive momentum for the listed property sector (SA REITs). He points to the country's removal from the Financial Action Task Force (FATF) grey list as a key development expected to unlock stronger capital inflows and reinforce investor confidence. Thami Ngubeni spoke to Redefine Properties' Chief Financial Officer, Ntobeko Nyawo.

South Africa's improved investment-grade sovereign credit rating is yielding positive results for the property sector

A feasibility study published by the Localisation Support Fund has found that, with the right industry development and policy support, South African retailers could source an additional 81 million garments per annum from local garment manufacturers by 2030. The findings indicate that achieving this target could increase local sourcing by 20%, add billions of rand in annual manufacturing output and create up to 34 000 jobs. Nhlanhla Mahlangu reports.

A feasibility study published by the Localisation Support Fund has found that, with the right industry development and policy support, South African retailers could source an additional 81 million garments per annum from local garment manufacturers by 2030. The findings indicate that achieving this target could increase local sourcing by 20%, add billions of rand in annual manufacturing output and create up to 34 000 jobs. Nhlanhla Mahlangu reports.

A study by the Localisation Support Fund shows that South African retailers could source an additional 81 million garments per annum from local garment manufacturers

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

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