Treasury issues TBs worth US$90m, ZWG1.3bn amid fiscal strain

LIVINGSTONE MARUFU Treasury has raised US$90m and ZWG1.3bn through Treasury Bills (TBs) and private placements in the first half of 2025, intensifying its reliance on domestic borrowing to plug fiscal shortfalls and meet ballooning public wage obligations amid a deepening debt crisis. The move reflects Harare’s increasing financial isolation, with access to international credit markets…