Botswana ready to operate Zim credit line
Friday, June 24, 2011
The deputy Permanent Secretary of the Ministry of Finance and Development Planning, Kelapile Ndobano, said this when addressing the Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) Annual General Assembly (AGM) in Gaborone on Wednesday. He said the draft agreement was submitted to Zimbabwe in April 2011 and it back with the country's comments in May. They have since been incorporated and resubmitted to Zimbabwe for further commentary, if any.
"On our side, we are ready for implementation of the facility any day," Ndobano said. "We are just waiting for the authorities in Zimbabwe to pass the agreement through their Parliament. Hopefully this will be concluded soon and give way to the launching of the facility."
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....