BOTSWANA COMMENDS ZAMBIA ON DEBT RESTRUCTURING

The President of Bostwana Mokgweetsi Masisi says Zambia’s achievement in the management of debt restructuring enhances the attractiveness of the country and the neighboring countries.

Dr. Masisi said this in Livingstone today, at the end of his two day working visit, at the invitation of President Hakainde Hichilema.

According to a Joint Communique issued by both Zambia and Bostwana, the two Heads of State witnessed the signing of ten instruments of cooperation which came as a result of the directives they issued during President Hichilema’s Working Visit to Kasane, Botswana in January 2024.

The signed instruments of cooperation include the Sponsors Agreement for the bankable feasibility study and the construction of the railway infrastructure for the railway link from Mosetse in Botswana to Livingstone in Zambia through the Kazungula Bridge, Memorandum of Understanding in the Field of Livestock, Apiculture and Aquaculture and Memorandum of Understanding in the Field of Crop Production.

Other agreements signed are Memorandum of Understanding on Cooperation in Science and Technology, Memorandum of Understanding in the Field of Geo-Science, Mining, Minerals and Value Chain Development, Memorandum of Understanding between the Zambia Development Agency and Botswana Investment and Trade Centre, among others.

The Heads of State called for optimalisation of the Kazungula Bridge asset by ensuring uniformity in the redevelopment of the areas near the Kazungula Bridge.

The two Heads of State also stated that the construction of the rail line will encourage traffic passing through the bridge, and enhance trade beyond the two countries.

They further agreed to hold the Inaugural BiNational Commission in Botswana, on a date to be mutually agreed through diplomatic channels.

And at the end of the visit, President Hichilema expressed gratitude to Botswana for offering to host the inaugural session of the BiNational Commission.

Meanwhile, Dr. Masisi, extended an invitation to President Hichilema to pay a State Visit to Botswana on dates to be mutually agreed through diplomatic channels.

By Eva Hatontola

 

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