Botswana ready to operate Zim credit line

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."