Saturday, April 18, 2009

Botswana offers credit line to Zim

from TheGlobe and Mail:

Botswana yesterday pledged a $70-million (U.S.) credit line to Zimbabwe to boost the country's ailing economy and support key industries. "All that is left is to tie up the agreement," a Zimbabwean government official said after a meeting between Tendai Biti, that country's finance minister, and Botswana's secretary for economic planning Taufila Nyamadzabo. The money would shore up the steel, leather and manufacturing industries, Mr. Nyamadzabo said.

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