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 African Unite Border Bus Truck Association is calling for the implementation of a one-stop border system following severe traffic congestion outside the Beitbridge Border Post in Musina earlier this week. The traffic backlog, which stretched for approximately 20 km, has been attributed to slow processing times and limited parking capacity on the Zimbabwean side of the border.

The association says the introduction of a one-stop border post system could help ease congestion, improve efficiency and reduce delays at one of the region’s busiest border crossings.

For businesses that rely on cross-border trade, prolonged delays can result in significant costs, including increased fuel consumption, driver overtime, missed delivery deadlines and disruptions to supply chains.

To discuss the cost implications for businesses and what these delays mean for regional trade, Thami Ngubeni spoke to Phumudzo Mukhwathi, Chairperson of the African Unite Border Bus Truck Association.

The African Unite Border Bus Truck Association is calling for the implementation of a one-stop border system following severe traffic congestion outside the Beitbridge Border Post in Musina earlier this week. The traffic backlog, which stretched for approximately 20 km, has been attributed to slow processing times and limited parking capacity on the Zimbabwean side of the border.
The association says the introduction of a one-stop border post system could help ease congestion, improve efficiency and reduce delays at one of the region&rsquo;s busiest border crossings.
For businesses that rely on cross-border trade, prolonged delays can result in significant costs, including increased fuel consumption, driver overtime, missed delivery deadlines and disruptions to supply chains.
To discuss the cost implications for businesses and what these delays mean for regional trade, Thami Ngubeni spoke to Phumudzo Mukhwathi, Chairperson of the African Unite Border Bus Truck Association.

Cost of trucks stuck outside the Beitbridge border post to Zimbabwe

In today’s market segment, the focus is on the Organic & Natural Products Expo, taking place in Johannesburg from July 7 to 9 at the Sandton Convention Centre. The expo serves as a vital platform connecting businesses with consumers, retailers and potential export partners, creating opportunities for business development and market expansion.

Standard Bank is the headline sponsor of the event, which aligns with its broader commitment to supporting sustainable business practices and helping South African SMEs access both domestic and international markets.

To discuss the significance of the expo and the opportunities it presents for businesses, Thami Ngubeni spoke to Sinazo Garane, Senior Manager: Small Enterprises for Business & Commercial Banking at Standard Bank South Africa.

In today&rsquo;s market segment, the focus is on the Organic &amp; Natural Products Expo, taking place in Johannesburg from July 7 to 9 at the Sandton Convention Centre. The expo serves as a vital platform connecting businesses with consumers, retailers and potential export partners, creating opportunities for business development and market expansion.
Standard Bank is the headline sponsor of the event, which aligns with its broader commitment to supporting sustainable business practices and helping South African SMEs access both domestic and international markets.
To discuss the significance of the expo and the opportunities it presents for businesses, Thami Ngubeni spoke to Sinazo Garane, Senior Manager: Small Enterprises for Business &amp; Commercial Banking at Standard Bank South Africa.

Organic & Natural Products Expo provides vital platform for business growth

The programme concludes with Shaila Desai, Head of the Old Mutual Residential Impact Fund, who argues that residential property remains materially underrepresented in institutional investment portfolios.

Desai says pension fund members are already supporting one of the most resilient income streams in the domestic property market as tenants, while their retirement savings remain largely absent from the investment opportunity. She makes the case for greater exposure to multifamily residential property in South African portfolios, highlighting its potential to deliver stable, long-term returns.

In a discussion titled “The growing case for multifamily residential in South African property portfolios”, Desai shared her observations with Thami Ngubeni.

The programme concludes with Shaila Desai, Head of the Old Mutual Residential Impact Fund, who argues that residential property remains materially underrepresented in institutional investment portfolios.
Desai says pension fund members are already supporting one of the most resilient income streams in the domestic property market as tenants, while their retirement savings remain largely absent from the investment opportunity. She makes the case for greater exposure to multifamily residential property in South African portfolios, highlighting its potential to deliver stable, long-term returns.
In a discussion titled &ldquo;The growing case for multifamily residential in South African property portfolios&rdquo;, Desai shared her observations with Thami Ngubeni.

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

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