IMF tackles Africa's illicit diamond trade
Friday, March 19, 2010
"In the last few years, a number of reports have raised concerns about the existence of links between the trade in precious minerals and illicit financial flows, corruption, drug trafficking, arms smuggling and the financing of terrorism," the IMF reported.
With Africa's gold production estimated at $19 billion a year, and the continents' diamond output valued at around $6 billion, the IMF stressed that an unknown amount is tapped each year for criminal purposes.
Many have made it very clear that there is nothing more they would prefer than seeing the two ending their feud and working together for the good of the country.While some Batswana dismissed reconciliatory efforts as a political ploy, many Batswana welcomed the move with open arms because it is obvious that the feud between the president and former president has not been looking good for the country.The misunderstanding that seems to have started...