Botswana, Zimbabwe agree P1bn credit line

Mnangagwa and Masisi PIC. BWGOVERNMENT
Mnangagwa and Masisi PIC. BWGOVERNMENT

President Mokgweetsi Masisi and his Zimbabwean counterpart, Emmerson Mnangagwa, this afternoon sealed an agreement establishing a P1 billion line of credit for businesses in both countries.

Investment, Trade and Industry minister, Bogolo Kenewendo told Mmegi this evening that the new deal was an expansion of a P500 million dating back to 2009.

The 2009 deal would have seen funding at discounted rates provided by Botswana banks with guarantees provided by Botswana. Zimbabwe was required to provide political, contract and safety guarantees under a Bilateral Investment Promotion and Protection Agreement. 

Editor's Comment
Are police trigger-happy?

Unfortunately, that day turned sour for those who were shopping at Sefalana Cash and Carry in Gaborone West Industrial.The exchange of fire that ensued between members of the Botswana Police Service (BPS) and robbers who had allegedly robbed a G4S cash-in-transit vehicle left two civilians dead, three robbers struck down, and an undisclosed number of citizens wounded.One deceased civilian is reportedly an employee of the Citizen Entrepreneurial...

Have a Story? Send Us a tip
arrow up