Botswana ready to extend credit line to Zimbabwe

Botswana says it is ready to implement the P500 million credit facility extended to Zimbabwe under the Short-Term Economic Recovery Programme in 2009.

This was revealed by that country’s Finance and Development Planning deputy secretary Kelapile Ndobano last Wednesday while addressing the Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) in Gaborone.

Ndobano said the draft agreement was submitted to Zimbabwe in April, adding the documents have since been incorporated and resubmitted to Zimbabwe for further consideration.

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