Botswana hosts global credit insurance conference
Tuesday, May 23, 2017
The event, called the Prague Club Committee (PCC) spring meeting, will see around 50 senior participants from 20 international members of the Berne Union gather to discuss political risk, trade finance and credit insurance.
The Berne Union is the leading association for the global export credit and investment insurance industry, which collectively protects the interests of exporters and works towards the advancement of export credit insurers all over Africa, Europe, the Middle East and Asia.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...