insert_link Business / EconomicsNamibia ranks fifth in Africa for low financial-crime risk Namibia has strengthened its position in the global fight against money laundering, according to the 2025 Basel Anti-Money Laundering (AML) Index. The country’s score improved from 4.89 in 2024 to 4.78 in 2025, placing it fifth among African nations in terms of low exposure to financial crime risk. The Financial Intelligence Centre (FIC) said the improvement reflects stronger national systems, enhanced enforcement, and closer coordination among regulators, law enforcement, and […] today15 December, 2025
insert_link AfricaBotswana’s settles case with Bridgette Motsepe Botswana’s government and businesswoman Bridgette Motsepe have reached a High Court–backed settlement to resolve the long-running “Butterfly” case. The agreement includes a formal apology from the state and the withdrawal of previously filed fraud, corruption, and money-laundering claims. The settlement, mediated through a court consent order, follows an investigation by Cherie Blair’s Omnia Strategy law firm, which found no evidence supporting the allegations. According to Daily Maverick, as part […] today1 July, 2025
insert_link South AfricaFormer Transnet executives granted bail Photo: Daily Maverick Four former Transnet executives have each been granted bail of R50,000 by the Palm Ridge Specialised Commercial Crimes Court in Gauteng. They face serious charges that include corruption, fraud, and money laundering in connection with a R93 million locomotive tender from 2015, part of a broader R54 billion deal tainted by ties to the Gupta family network. The accused are former Transnet CEOs Brian Molefe and Siyabonga Gama, former […] today1 July, 2025
insert_link South AfricaCosatu Applauds SA’s Progress on FATF Grey List Removal In South Africa, Cosatu has commended the government’s progress towards removing the country from the Financial Action Task Force grey list. South Africa was grey listed in February 2023, for not complying with international standards that relate to money laundering and addressing illicit financial flows. National Treasury has addressed 20 out of the 22 action items outlined in its action plan. Cosatu’s spokesperson, Matthew Parks, says the government must ensure […] today26 February, 2025
