Zim, Botswana seal P500m credit deal

Zimbabwe and Botswana yesterday signed a memorandum of agreement, paving way for the release of the much-awaited P500 million line of credit from Gaborone.

The funds were pledged at the formation of the inclusive government in 2009, but there had been delays in tying the deal due to demands for assurances from Botswana.

Last year, the two governments signed a Bilateral Investment Promotion and Protection Agreement (Bippa) to pave way for the release of the funds.

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