Acting President Ndaba Nkosinathi Gaolathe has called on students to distance themselves from financial crimes, warning of the severe consequences such misconduct can have on the national economy. He delivered the message during the Financial Intelligence Agency (FIA)’s 10km walk in Francistown on 20 September 2025.
Gaolathe cautioned that financial crimes such as money laundering and fraud not only damage the integrity of financial systems but also put the country’s international reputation at risk. He noted that when a country is blacklisted for financial misconduct, the effects are immediate and widespread.
“When a country is blacklisted, its economy suffers significantly,” he said. “Access to affordable loans becomes nearly impossible, business startups face hurdles, and international trade is severely constrained.”
He urged young people to recognize their role in building a clean and accountable society. By refusing to participate in financial crimes and speaking out against such practices, students can help strengthen national efforts to prevent economic harm.
The FIA initiative brought together 17 schools in Francistown, with activities including essay writing and art competitions. These competitions were designed to equip students with knowledge about financial crimes while encouraging a culture of accountability, transparency, and responsibility from a young age.
Organizers of the event emphasized that educating students about the dangers of financial misconduct is a long-term investment in national security and economic stability. By raising awareness early, young people are less likely to be lured into illegal financial activities and more likely to contribute positively to the economy.
The Acting President praised the FIA for its proactive approach in engaging schools and communities. He said efforts to combat money laundering and other financial crimes require a united front from government, institutions, and citizens.
The Francistown walk and related activities form part of Botswana’s broader strategy to strengthen financial oversight and compliance with international standards. By investing in awareness campaigns, the country aims to reduce risks associated with financial crimes while protecting its economic future.
Gaolathe closed his remarks by reminding students that their choices today will shape the Botswana of tomorrow. He encouraged them to be champions of integrity and to play their part in ensuring the country remains a trusted partner in the global financial system.
