Young Batswana keen to invest in Zim

source: Mmegi
Staff Writer

FRANCISTOWN: Young Batswana businesspeople are positioning themselves to invest in the reconstruction of Zimbabwe through the BOCCIM facilitated P500 million credit line.

Mmegi is informed that during a meeting held in Gaborone a few weeks ago to host a Zimbabwean delegation, many young businesspeople and a few established corporates showed great interest in participating in the credit line.

Botswana pledged to extend the P500 million credit line to Zimbabwe last year, to rebuild that country’s economy particularly the manufacturing sector. The two countries agreed that the credit line would benefit their respective private sectors, with the government of Botswana guaranteeing any finance extended by the Botswana private sector. Speaking on the sidelines of the National Business Conference (NBC), which ends here today, BOCCIM Executive Director, Maria Machailo-Ellis said they are hoping to sign a Memorandum of Understanding with their Zimbabwean counterparts before the end of [continue reading]


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