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Informing Business, Inspiring Success


Too Good to Be True: Why Harare Keeps Falling for Investment Schemes
Harare is a city that wants acceleration. Every week, someone is multiplying money. Every month, someone is unveiling the “next Dubai.” Every day, someone is promising extraordinary returns guaranteed. And almost every day, someone is quietly absorbing a loss.

Southerton Business Times
Mar 63 min read


Zimbabwe Gazettes New ZiG Banknotes Ahead of April 2026 Rollout
Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, Mthuli Ncube, has gazetted a new family of ZiG banknotes following their unveiling during the 2026 Monetary Policy Statement. The new notes were first presented last week by John Mushayavanhu, Governor of the Reserve Bank of Zimbabwe (RBZ).

Southerton Business Times
Mar 52 min read


2026 Iran Crisis: Global Economic Fallout
The morning of February 28, 2026, may mark a turning point in Middle East geopolitics, as escalating tensions between the United States, Israel, and Iran appear to have entered a new and dangerous phase.

Southerton Business Times
Mar 12 min read


Export ban sparks rush to process lithium in Zimbabwe
HARARE — Zimbabwe’s government has imposed an immediate ban on exports of raw lithium concentrates and other raw minerals, a move that has forced miners, many Chinese‑owned, to accelerate plans to process lithium locally rather than ship concentrates abroad. The directive, announced by the Mines Ministry, applies to consignments already in transit and will remain in force until further notice, officials said, as authorities restructure export procedures to tighten mineral ac

Southerton Business Times
Feb 262 min read


President Mnangagwa pushes local beneficiation to boost industrialisation
BULAWAYO — President Emmerson Mnangagwa said on Friday that Zimbabwe will move beyond supplying raw minerals and accelerate local beneficiation and processing to spur industrialisation and economic growth. Speaking at an annual exporters’ conference in Bulawayo, the President urged exporters to develop value‑added products and build global brands rooted in Zimbabwe’s natural resources and skills base.

Southerton Business Times
Feb 242 min read


Parliament flags ZWL$111 billion gap in Finance Ministry accounts
Parliament has raised alarm over major financial irregularities in the Ministry of Finance, revealing that more than ZWL$111 billion in public funds could not be reconciled in the government’s 2022 accounts. The findings are contained in a report by the Public Accounts Committee (PAC), which reviewed the Auditor‑General’s assessment of the Ministry’s Appropriation and Fund Accounts for the year ending 31 December 2022.

Southerton Business Times
Feb 152 min read


ZimStat Secures Clean Audit Opinion for 2024, Reversing Prior Year Qualification
Harare — The Zimbabwe National Statistics Agency (ZimStat) has received a clean audit opinion for the financial year ended December 31, 2024, marking a significant turnaround from the qualified opinion issued by the Office of the Auditor General (OAG) in 2023.

Southerton Business Times
Feb 102 min read


RBZ Drops Fixed Timeline for Monocurrency Shift, Adopts Conditions-Based Approach
The Reserve Bank of Zimbabwe (RBZ) has officially decoupled its transition to a monocurrency system from a fixed timeline, opting instead for a conditions-based framework under which the move will only be implemented once strict economic benchmarks are met.

Southerton Business Times
Feb 102 min read


IMF and Zimbabwe reach staff‑level agreement on 10‑month Staff‑Monitored Programme
The International Monetary Fund (IMF) and Zimbabwean authorities have reached a staff‑level agreement on a proposed 10‑month Staff‑Monitored Programme (SMP) designed to consolidate macroeconomic stability, strengthen policy credibility, and advance arrears clearance and debt restructuring, IMF team leader Wojciech Maliszewski said after meetings in Harare.

Southerton Business Times
Feb 83 min read


Harare Commuters Hit as Kombi Fares Quietly Double to US$2
Drivers say a single fine can wipe out an entire day’s earnings. Another major driver of fare increases is the daily target system imposed by vehicle owners. Operators of newer kombis reportedly demand up to US$140 per day, while older vehicles have targets of around US$110.
Drivers argue that a sustainable target should be between US$50 and, US$80, anything higher, they say, makes fare hikes inevitable.

Southerton Business Times
Feb 62 min read
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