Mmegi

BAMB under fire over unaccounted P196m COVID-19 funds

BAMB is facing growing scrutiny following a series of alarming audit findings that expose failures in financial accountability PIC: BAMB
BAMB is facing growing scrutiny following a series of alarming audit findings that expose failures in financial accountability PIC: BAMB

The Botswana Agricultural Marketing Board (BAMB) is facing growing scrutiny following a series of alarming audit findings that expose failures in financial accountability, governance and oversight involving hundreds of millions of Pula in public funds.

The latest Auditor General's report for the year ended 31 March 2023 highlights unaccounted COVID-19 intervention funds, outstanding Strategic Grain Reserve (SGR) debt, missing reports and weaknesses in the management of public resources intended to safeguard national food security.

One of the most serious findings relates to P196,683,098 disbursed to BAMB on 8 October 2020 for the procurement of produce from local farmers to replenish the Strategic Grain Reserve during the COVID-19 pandemic. The funds were allocated as part of the government’s emergency response measures to strengthen food security and support farmers affected by the pandemic's economic impact.

Editor's Comment
Let the courts follow the money

“Law and order are the medicine of the body politic and when the body politic gets sick, medicine must be administered.”– B.R. AmbedkarThe amount of money at play threatens to test the integrity of the country’s financial system, giving more reason to why the courts must be fully given leeway to lean on the matter and reach a conclusion.Botswana has spent decades building her reputation as a stable and credible financial jurisdiction.The...

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