Botswana Illicit financial flows top P200bn � report

Botswana is among Southern African countries that are prone to illicit financial flows (IFFs) with up to P200 billion estimated to have been moved illegally over 10 years up to 2013, the latest Global Financial Integrity (GFI) report shows.

IFFs are illegal movements of money or capital from one country to another. GFI classifies this movement as an illicit flow when the funds are illegally earned, transferred, and/or utilised.

According to the 2015 report, between the years 2004 to 2013, up to US$20 billion might have been moved through illicit circumstances in Botswana putting the country in the same boat with other developing countries with cumulative IFFs.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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