'Zimbabwe welcomes with much appreciation that Botswana proposed a 1 billion Botswana pula (R1322.66 billion) credit facility, in support of the Zimbabwe private sector,' Manzou told the paper.
Zimbabwe descended into economic ruin during the 37-year rule of Robert Mugabe who was forced out in 2017.
His successor Emmerson Mnangagwa has failed to solve the crisis with the country running desperately short of foreign currency.The report did not give details about the loan, such as the repayment schedule and interest rate. A request for $1.2 billion in emergency credit from neighbouring South Africa to help alleviate the crisis failed after Pretoria indicated it did not have the funds.The leaders of both countries have recently called for sanctions still in force on some Zimbabwean leaders and institutions to be lifted.
Ramaphosa told reporters that lifting sanctions against Zimbabwe"would relieve the tension that is currently in the country". The United States, the European Union and other states imposed sanctions against Zimbabwe in response to Mugabe's various crackdowns during his long rule.
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