Zim credit line due by New Year

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The Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) expects Parliament to greenlight a key component of the P500 million credit line to Zimbabwe late next month, paving way for the facility's launch by New Year.

The credit line will become available once the National Assembly approves an investment protection agreement and once a reciprocal action is done by the Zimbabweans.

Under the credit line, local banks will provide trade finance for local and Zimbabwean businesses, with government underwriting this through Botswana Export Credit Insurance (BECI).

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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