Business / Economy
Zimbabwe gets a P500 million line of credit from Botswana
16 Mar 2011 at 10:26hrs | Views
Zimbabwe and Botswana, will sign a P500 million line of credit at the end of the month, the Confederation of Zimbabwe Industries, has revealed.
The CZI, Zimbabwe's largest and most influential business grouping, is coordinating the function.
The organisation said it is hosting a networking dinner with members of the Botswana Confederation of Commerce and Industry and Manpower who would be in the country to witness the official signing of the BIPPA on March 21.
The official said 70 percent of the P500 million line of credit was earmarked for the manufacturing sector which has been dogged by numerous problems lately because it was operating at a mere 10 percent capacity.
The CZI, Zimbabwe's largest and most influential business grouping, is coordinating the function.
The organisation said it is hosting a networking dinner with members of the Botswana Confederation of Commerce and Industry and Manpower who would be in the country to witness the official signing of the BIPPA on March 21.
The official said 70 percent of the P500 million line of credit was earmarked for the manufacturing sector which has been dogged by numerous problems lately because it was operating at a mere 10 percent capacity.
Source - Byo24News
