HomeBusiness DigestWe don't owe Bots a cent - Gono

We don’t owe Bots a cent – Gono

Ngoni Chanakira

RESERVE Bank of Zimbabwe governor Gideon Gono says Zimbabwe does not owe Botswana any money after having recently settled its outstanding bills.

Arial, Helvetica, sans-serif”>In an interview with businessdigest on Friday Gono said he had travelled to Botswana and had met the country’s Minister of Finance who had confirmed that they had received the outstanding monies owed for fuel and veterinary medicines.

“We paid on March 28 for everything that we owed our Botswana brothers,” Gono said. “It was something in the region of P28 million equivalent in United States dollars. This related to fuel received in the year 2000.

“We also paid for all outstanding amounts relating to veterinary drugs that we had received from them.”

Botswana was in the news, accusing Zimbabwe of owing the cash-rich country money for fuel imports.

“The issue was resolved when I visited Botswana at the end of last month and had occasion to meet the Minister of Finance and left evidence of our electronic transfer of the funds,” Gono said.

Zimbabwe had gone cap in hand to Botswana after facing severe fuel shortages in 2000.

Botswana also has a very sophisticated cattle industry and regularly sells veterinary drugs to Zimbabwe.

Regarding his trip to Egypt with President Robert Mugabe, Gono told businessdigest that the visit was to follow up on bilateral arrangements with the Afreximbank – one of the remaining major financiers of Zimbabwe’s economic recovery programme.

“We had to meet over a US$20 million loan that had been extended to us,” he said. “Actually it was a goodwill visit because I had not met officials from there in my new capacity as RBZ governor.”

Recent Posts

Stories you will enjoy

Recommended reading