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Addis Ababa – At the Second Africa Climate Summit (ACS2), which took place in Addis Ababa a couple of months ago, I delivered a warning that every G20 government should heed: Africa cannot finance its future while drowning in debt.

The numbers speak for themselves: Sub-Saharan Africa requires $143 billion in annual climate finance, equivalent to roughly 7 per cent of its total GDP. But current climate-finance flows into the region amount to only one-quarter of that. At the same time, African countries spent nearly $90 billion in 2024 servicing external debt.

Africa’s debt crisis is not a fringe issue; it is one of the biggest obstacles to achieving global climate goals and advancing the continent’s development….

BYRON BAY Wildlife Sanctuary has entered voluntary administration, with conservation charity Wildlife Recovery Australia (WRA) confirming the move and assuring the community that animal care will continue.

WRA said the decision to enter voluntary administration was made by the directors of Byron Bay Wildlife Sanctuary Operations Pty Ltd (BBWSO), which employs about 25 full-time equivalent staff led by a general manager.

While WRA is the sole member and shareholder of BBWSO, it said the sanctuary is an independent organisation governed by its own board.

“WRA acknowledges this is a difficult period for BBWSO Ltd and its employees,” founder, CEO and board director Dr Stephen Van Mil said.

“We would like to reassure the…

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Frykberg said “staff were advised months in advance regarding the 31 August closure and were updated regularly”, but Behmanpour claims all updates were verbal and through Frykberg.

“We never receive any emails from the head office. They just told Gordon he must communicate with us, but none of us got any written letter or email from LCNZ or LCA; we never got any email mentioning redundancy.”

Laser Clinics said it made the decision to terminate the franchise agreement for Laser Clinics Ponsonby because of “repeated and material unremedied breaches” by the franchisee.

“Our actions were necessary to protect the wider Laser Clinics network…

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Liquidators detailed total assets valued at $22,086 at the time of the first report, with $21,192 in vehicles and $894 in cash at the bank. They could not disclose the book value of stock or plant and equipment.

As for liabilities, preferential and secured creditors are owed an interim total of $828,019.

Of that figure, $348,574 is owed to Inland Revenue, $189,629 is owed to LC Business Loans, and $285,000 is owed to BNZ.

A further $3297 is owed to employees in holiday pay, but the amount owed for employees’ wages is unknown at this stage.

As for unsecured creditors, Inland Revenue is owed a further $16,915, with any penalties or interest not recorded.

Trade creditors are owed the bulk of unsecured claims, totalling $603,669, with $91,490…