Zimbabwe: Botswana Extends Credit Line to Zimbabwe

Diamond-rich Botswana has offered to lend neighboring Zimbabwe $95 million in private sector loans to help ease its economic crisis. It's rare for an African country to offer such a deal.

The $95 million (€84 million) credit line to Zimbabwe is earmarked for the private sector and revival of struggling industries. Although this is a drop in the ocean to what Zimbabwe requires for total recovery, Botswana's offer of credit could restore confidence in the southern African country.

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