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Botswana agrees to extend $95mn credit line to Zimbabwe: minister | IOL Business Report

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Botswana agrees to extend $95mn credit line to Zimbabwe: minister busrep

HARARE – Botswana has agreed to extend a 1 billion Pula credit line to Zimbabwe, Zimbabwe's finance minister Mthuli Ncube said Thursday.

"I cannot say much because the Presidents of the two countries are still working out the details but I can confirm that Botswana has agreed to extend a 1 billion Pula credit line to Zimbabwe," Mthuli Ncube said. Both Masisi and Ncube did not specify what the credit line will be used for. The announcement of the credit line came a day after the Botswana government on Wednesday denied media reports that it had extended a 600 million US dollars credit facility to Zimbabwe.

 

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busrep Sadc should just put Zimbabwe under administration for 5 years,run its finances with administrator from Botswana.Or 10 years down the line Zim economic situation will be in same position.

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