• CHOPPIES – FINANCE MANAGERJune 30, 2025
    RelatedPosts CHOPPIES – FINANCE MANAGER LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES
  • BTCL enjoys strong growthJune 30, 2025
    Revenue jumps 4% to P1.49 billion Strong 2024 growth attributed to strategy Profit before Tax reaches P259 million, up 30%   BAKANG TIRO RelatedPosts BTCL enjoys strong growth Motsepe, Butterfly’s last laugh From tenderpreneurship to true entrepreneurship editors@thepatriot.co.bw BTCL… Read more: BTCL enjoys strong growth
  • Motsepe, Butterfly’s last laughJune 30, 2025
    Court orders Botswana govt to apologise to Bridgette Motsepe Apology to cover Ian Khama, Isaac Kgosi, Welheminah Maswabi Botswana to settle huge legal bills, costs for publishing apologies As former President Mokgweetsi Masisi’s blunder haunts Botswana STAFF WRITERS editors@thepatriot.co.bw… Read more: Motsepe, Butterfly’s last laugh
  • From tenderpreneurship to true entrepreneurshipJune 27, 2025
    BAKANG PHUTHEGO BUSINESS WITH BK RelatedPosts BTCL enjoys strong growth From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative   In the early years after independence, Botswana stood out as a model of stability and sound… Read more: From tenderpreneurship to true entrepreneurship
  • Digital Public Infrastructure as a Strategic ImperativeJune 27, 2025
        RelatedPosts BTCL enjoys strong growth From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative Dr Dimakatso Polokelo  Digital public infrastructure (DPI) is emerging as a core component of socio-economic advancement. For African economies navigating… Read more: Digital Public Infrastructure as a Strategic Imperative
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Tuesday, July 1, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home News

P1 billion credit line for Zim; not P6 billion

patriot by patriot
December 31, 2020
in News
250
0
491
SHARES
1.4k
VIEWS
ShareShareShare

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. 

RelatedPosts

Motsepe, Butterfly’s last laugh

ILLEGAL WILDLIFE TRADE RISING

UDC impress BagaMmangwato

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.

The deal was part of some six agreements reached during the inaugural session of the Zimbabwe Botswana Bi-National commission.

Briefing the media on financial aspects of the agreements made with Zimbabwe at the end of the five-day meeting, Masisi confirmed that a credit facility will be extended.

“Initially we had agreed on the extension of a credit facility to the tune of 500 million Pula, but that amount has since been increased 1 billion pula. However, details of the facility will be released later,” he said.

Apart from the credit facility, the two governments entered agreements in areas of trade, mining, environment and tourism, transport and infrastructure development energy, health and education.

Construction of a railway line project named the Ponta Techobanine Inter Regional Haul Railway Project which will link the three countries to the Eastern Africa countries was also proposed.

Commenting on progress made between the two governments, President Emmerson Mnangagwa said that the engagement had been fruitful.

“This session has afforded us the opportunity to reflect on where we stand in the Bi-National Commission and we have accordingly set upon ourselves new milestones to be worked on between now and the second session of our BNC with Botswana. May these MOUs not be an end in themselves but the beginning,” he said.

President Masisi said also that the engagements are the beginning of a long journey ahead of the two countries.

“More work still needs to be done, especially, to rope in our private sector business people and ordinary citizens to play a meaningful role in strengthening out Bi-National relations,” he said. [New Zimbabwe, The Patriot on Sunday] 

Related

Tags: CREDITdiamondzim

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Remove tainted financial advisors – BoB Governor

Next Post

Parley adopts Majaga’s motion on direct election of president

Related Posts

Motsepe, Butterfly’s last laugh
News

Motsepe, Butterfly’s last laugh

June 30, 2025
ILLEGAL WILDLIFE TRADE RISING
News

ILLEGAL WILDLIFE TRADE RISING

June 25, 2025
UDC impress BagaMmangwato
News

UDC impress BagaMmangwato

June 24, 2025
DIKGOSI ON GBV CRISIS ‘Our communities are perishing’
News

DIKGOSI ON GBV CRISIS ‘Our communities are perishing’

June 23, 2025
News

BOKO’S WAR ROOM

June 23, 2025
News

AP, BPP ‘steal’ democrats

June 18, 2025
Next Post
Parley adopts Majaga’s motion on direct election of president

Parley adopts Majaga's motion on direct election of president

Please login to join discussion
  • CHOPPIES – FINANCE MANAGERJune 30, 2025
    RelatedPosts CHOPPIES – FINANCE MANAGER LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES
  • BTCL enjoys strong growthJune 30, 2025
    Revenue jumps 4% to P1.49 billion Strong 2024 growth attributed to strategy Profit before Tax reaches P259 million, up 30%   BAKANG TIRO RelatedPosts BTCL enjoys strong growth Motsepe, Butterfly’s last laugh From tenderpreneurship to true entrepreneurship editors@thepatriot.co.bw BTCL… Read more: BTCL enjoys strong growth
  • Motsepe, Butterfly’s last laughJune 30, 2025
    Court orders Botswana govt to apologise to Bridgette Motsepe Apology to cover Ian Khama, Isaac Kgosi, Welheminah Maswabi Botswana to settle huge legal bills, costs for publishing apologies As former President Mokgweetsi Masisi’s blunder haunts Botswana STAFF WRITERS editors@thepatriot.co.bw… Read more: Motsepe, Butterfly’s last laugh
  • From tenderpreneurship to true entrepreneurshipJune 27, 2025
    BAKANG PHUTHEGO BUSINESS WITH BK RelatedPosts BTCL enjoys strong growth From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative   In the early years after independence, Botswana stood out as a model of stability and sound… Read more: From tenderpreneurship to true entrepreneurship
  • Digital Public Infrastructure as a Strategic ImperativeJune 27, 2025
        RelatedPosts BTCL enjoys strong growth From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative Dr Dimakatso Polokelo  Digital public infrastructure (DPI) is emerging as a core component of socio-economic advancement. For African economies navigating… Read more: Digital Public Infrastructure as a Strategic Imperative
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?