Zim govt issues $600mln TBs to pay ZESA debts

HARARE,  June 5  (The Source) – Zimbabwe’s Treasury has issued about $600 million worth of Treasury Bills to settle debts owed by parastatals and local authorities to the country’s power utility,  a senior government official has said.   In January, the Zimbabwe Electricity Supply Authority… Read More

Zimbabwe clears IMF arrears

HARARE, October 21 (The Source) – Zimbabwe has cleared its arrears with the International Monetary Fund (IMF), after paying $108 million on Thursday, the Fund has announced. Zimbabwe, which has been in arrears since 2001, used its allocation of Special Drawing Rights (SDRs) allocated to… Read More