Quantcast
Channel: News - The Patriot on Sunday - The Patriot on Sunday
Viewing all articles
Browse latest Browse all 2246

P1 billion credit line for Zim; not P6 billion

$
0
0
Kenewendo
Following a storm that build over media reports - mostly from Zimbabwe - that Botswana was about to offer Zimbabwe P6 billion loan for its diamond industry and related businesses, Government was forced on the back foot to set the record straight. Most locals who responded to the media reports were shocked that the Government can aid another country with such a huge amount when it faced my local challenges of unemployment and dilapidating road and schools infrastructure. Government released a statement late on Wednesday and the Minister of Investment, Trade and Industry Bogolo Kenewendo followed up with her own tweet: Bogolo Kenewendo_ @BogoloKenewendo 17h17 hours ago More Tlhaloso: Bagaetsho, ga re fe Zimbabwe loan ya $100 Million. Kwano re tshwaraganetse kgang ya Credit line. Dibanka tsa mo Botswana di na le kgathego ya go eteetsa Batswana ba ba nang le keletso... Meaning that 'we are not giving Zimbabwe a loan but a credit line that will be facilitated through local banks for locals that want to invest in Zimbabwe. President Mokgweetsi Masisi re-confirmed Botswana's stand on Friday when addressing local media at his residence. He had earlier told Zimbabwean media that Botswana will extend US$95m credit facility to Zimbabwe.…

Viewing all articles
Browse latest Browse all 2246

Trending Articles