Zimbabwe issues $600 million treasury bills to pay ZESA debts

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 (ZESA) reported that it was struggling to recover over $1 billion in unpaid electricity bills with government departments accounting for the majority of the debt.