‘Inter-Bank Trades US$12m Weekly’

The inter-bank foreign exchange market is averaging trades of US$12 million weekly, three weeks after its introduction, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya told Parliamentarians yesterday. Appearing before the Portfolio Committees on Public Accounts Budget, Finance and Economic Development, the central bank governor hinted that some companies have been struggling to purchase foreign currency on the official market, even at the discounted rate (compared to the parallel market) starting rate of 2,5 when the market was introduced. The forex inter-bank market started trading on February 22, 2019…

$110 000 Required To Host Premier Arts Awards

ORGANISERS of the Roil Bulawayo Arts Awards have revealed that they need $110 000 to successfully host this year’s third edition of Bulawayo’s biggest dress-up event. The awards ceremony was launched in the city on Friday night at a well-attended event at Bulawayo Theatre. The first two editions of the awards were held at the Large City Hall. This year’s edition will be held on June 29 at the Zimbabwe International Trade Fair (ZITF) hall 4 after the nominees dinner party scheduled for June 27 at the ZITF hall 5.…

Ethiopian Airlines Plane Smoked, Shuddered Before Deadly Plunge

ARA-BOKKA, ETHIOPIA:  The Ethiopian Airlines plane that crashed killing 157 people was making a strange rattling noise and trailed smoke and debris as it swerved above a field of panicked cows before hitting earth, according to witnesses. Flight 302 took off from the Ethiopian capital on Sunday morning bound for Nairobi with passengers from more than 30 countries. All on board the Boeing 737 MAX 8 died. The pilot had requested permission to return, saying he was having problems – but it was too late. Half a dozen witnesses interviewed…

Zidane Returns To Bernabeu

Zinedine Zidane is set to make a sensational return as Real Madrid manager, according to reports in Spain. The Frenchman resigned at the Bernabeu at the end of last season following a third successive Champions League title. But the club has since struggled, with Julen Lopetegui fired after a disastrous start to the season and Santiago Solari unable to navigate Los Blancos past the last 16 in Europe, with Ajax handing them a humiliating exit. And Solari now looks set to be the second sacking of the season at the…