A recently released National Money Laundering and Terrorist Financing Risk Assessment report by the Non-Banking Financial Authority Regulatory Authority (NBIFIRA) uncovered that Botswana’s real estate sector is being exploited as a haven for washing dirty money, buried under the sector’s growing valuation and demand, especially in urban areas such as Gaborone.
The warning comes at a time when property values, particularly in urban centres such as Gaborone, have surged on the back of sustained demand, limited housing supply and the growing perception of real estate as a store of value. Over the years, property has become one of the preferred asset classes for both institutional and private investors, offering relatively stable returns amidst a volatile economic environment.
