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
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

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