Work-In-Progress On P500m Credit Facility

Monday, August 09, 2010

Zimbabwe has started work on a Bilateral Investment Promotion and Protection Agreement with Botswana in a development expected to boost trade and economic co-operation between the two neighbouring states.

This comes amid revelations that parliamentarians from the Lower and Upper Houses have ratified the Bippa with South Africa, which was signed early this year in June. Secretary for Economic Planning and Investment Promotion Desire Sibanda yesterday said his ministry was currently looking at Botswana's proposals.

He said Botswana has made its comments on the draft Bippa with Zimbabwe and his ministry was consulting with the Attorney General's office on the issue. Sibanda said the ministry would soon engage Botswana at senior official level to discuss the matter before it is finally presented to principals.

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Work-In-Progress On P500m Credit Facility

Zimbabwe has started work on a Bilateral Investment Promotion and Protection Agreement with Botswana in a development expected to boost trade and economic co-operation between the two neighbouring states.