5 years ago 5 years ago

Botswana confirms $100 million private sector facility but not $500 million diamond deal

by Charles Rukuni 5 years ago5 years ago

Botswana President Mokgweetsi Masisi has confirmed that his government has offered to guarantee a $100 million private credit line for Botswana companies to invest in Zimbabwe but dismissed reports that Botswana had also offered a $500 million diamond-backed loan.

He told international news agency Reuters that his government was waiting for a letter of guarantee from Zimbabwe for the $100 million facility.

Masisi was in Zimbabwe yesterday and his government signed several agreements with Zimbabwe.

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Posted by Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.