TRANSPORT & TOURISM

Mnangagwa reins in Matiza over NRZ

PRESIDENT Emmerson Mnangagwa this week moved to rein in Transport minister Joel Biggie Matiza over his bid to scuttle the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project by...

By Staff reporter | Published: 11 October 2019

TRANSPORT & TOURISM

NRZ says happy with DIDG deal

THE National Railways of Zimbabwe (NRZ) has expressed satisfaction with progress made towards concluding the US$400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DI...

By Staff reporter | Published: 24 September 2019

TRANSPORT & TOURISM

NRZ eyes regional markets for turnaround

GOVERNMENT plans to improve the interconnectivity of the National Railways of Zimbabwe with other countries in the region to improve the parastatal's market share and revenue, a Cabinet Minister said ...

By Staff reporter | Published: 14 June 2019

TRANSPORT & TOURISM

NRZ blames Mnangagwa's govt

THE National Railways of Zimbabwe (NRZ) has dismissed media reports suggesting that some of the parastatal's top managers were sabotaging the US$400 million recapitalisation project to save their jobs...

By Staff reporter | Published: 02 May 2019

POLITICS

Mnangagwa appoints new perm secs, NRZ chair

President Emmerson Mnangagwa yesterday reshuffled the permanent secretaries for the Health and Labour ministries and appointed former Mashonaland Central Provincial Affairs minister Martin Dinha as th...

By Staff reporter | Published: 25 April 2019

TRANSPORT & TOURISM

$400m NRZ deal in limbo

GOVERNMENT is reconsidering the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project to be jointly undertaken by the South African rail, port and pipeline company, Transnet and ...

By Staff reporter | Published: 11 January 2019

TRANSPORT & TOURISM

NRZ targets 4 million tonnes of freight

THE National Railways of Zimbabwe (NRZ) has projected to increase its freight by 25,6 percent this year buoyed by the anticipated improved business and recapitalisation efforts.NRZ public relations ma...

By Staff reporter | Published: 06 January 2019

TRANSPORT & TOURISM

RBZ releases $2,5m for wheat imports

Government has moved in to secure 30 000 metric tonnes of wheat worth $12,2 million with a 20 percent down payment following threats by an international supplier to cut off the deal citing Harare's de...

By Staff reporter | Published: 06 January 2019

TRANSPORT & TOURISM

NRZ $400m deal still on - DIDG

THE $400 million National Railways of Zimbabwe (NRZ) recapitalisation deal is still on track with six financiers having shown interest to release close to $1 billion to fund the project. In 2017, NRZ ...

By Staff reporter | Published: 01 January 2019

BUSINESS NEWS

Govt negotiates $216m for NRZ

Government is in negotiations with the Diaspora Infrastructure Development Group and Transnet Consortium for the financing of the National Railways of Zimbabwe (NRZ) to the tune of $216 million, accor...

By Staff reporter | Published: 23 December 2018

BUSINESS NEWS

NRZ sees 9,6% increase in cargo volumes

THE National Railways of Zimbabwe (NRZ) has moved more than three million tonnes of freight cargo between January and November 2018, an increase of 9,6 percent when compared to the same period last ye...

By Staff reporter | Published: 21 December 2018

TRANSPORT & TOURISM

HCC sues NRZ

Harare City Council (HCC) has dragged the government-owned National Railways of Zimbabwe (NRZ) to the High Court over failure to pay rates totalling more than $200 000.In its founding affidavit, HCC t...

By Staff reporter | Published: 16 December 2018

TRANSPORT & TOURISM

'Ring-fence bulk goods to save NRZ'

FORMER chairperson of the Parliamentary Portfolio Committee on Transport, Dexter Nduna, says it would be difficult for the National Railways of Zimbabwe (NRZ) to be turned around despite the $400 mill...

By Staff reporter | Published: 21 November 2018

TRANSPORT & TOURISM

NRZ opens premier coaches to individual passenger bookings

THE National Railways of Zimbabwe (NRZ) has opened its premier class coaches to individual passenger bookings following demand for the service by travellers. Prior to this decision the premier class c...

By Staff reporter | Published: 10 September 2018

TRANSPORT & TOURISM

Panners pose threat to NRZ tracks

THE National Railways of Zimbabwe (NRZ) has raised the red flag over illegal gold panning activities close to railways tracks, a situation which could result in the rail collapsing under the weight of...

By Staff reporter | Published: 07 September 2018

LANDS & AGRICULTURE

NRZ sues GMB over $710,000 rental arrears

NATIONAL Railways of Zimbabwe (NRZ) has petitioned the High Court seeking an order to compel the Grain Marketing Board (GMB) to pay $710 696 in rental arrears and another order to evict the parastatal...

By Staff reporter | Published: 06 September 2018

TRANSPORT & TOURISM

NRZ deal nears finalisation

Finalisation of the National Railways of Zimbabwe (NRZ) US$400 million recapitalisation deal is progressing well, with closure expected in the near future.The Diaspora Infrastructure Development Group...

By Staff reporter | Published: 15 July 2018

TELECOMS & TECHNOLOGY

Diaspora group seeks to raise $100m for NRZ

THE Diaspora Infrastructure Development Group (DIDG), which recently won the $400 million tender to recapitalise and operate the National Railways of Zimbabwe (NRZ) together with Transnet of South Af...

By Staff reporter | Published: 10 July 2018

TRANSPORT & TOURISM

Due diligence done in NRZ deal

THE National Railways of Zimbabwe (NRZ) has concluded due diligence towards reaching financial closure for the $400 million recapitalisation project.NRZ and the Diaspora Infrastructure Development Gro...

By Staff reporter | Published: 09 July 2018

TRANSPORT & TOURISM

Ex-employee sues NRZ over $40k unpaid benefits

National Railways of Zimbabwe has been dragged to court by a former employee who is seeking $40 000 in outstanding retirement benefits.George Tshabangu filed his application for summary judgment at th...

By Staff reporter | Published: 28 June 2018

TRANSPORT & TOURISM

NRZ eyes more agreements

THE National Railways of Zimbabwe (NRZ) is currently negotiating with some partners in the shipping line, with a view to signing more service level agreements to boost business, an official has said.L...

By Staff reporter | Published: 26 June 2018

TRANSPORT & TOURISM

NRZ boss lands top Sara post

NATIONAL Railways of Zimbabwe (NRZ) general manager Lewis Mukwada has been appointed president of the Southern Africa Railways Association (Sara) for the 2018 – 2019 period.Mukwada, who will be depu...

By Staff reporter | Published: 21 June 2018

BUSINESS NEWS

NRZ challenges sale of property over salary arrears

THE National Railways of Zimbabwe (NRZ) has approached the High Court challenging the sale of its property over $20 000 salary arrears owed to a former employee.NRZ through its lawyers Mbidzo, Muchade...

By Staff reporter | Published: 20 June 2018

BUSINESS NEWS

NRZ Pension Fund sues SMEs over rental arrears

THE National Railways of Zimbabwe Contributory Pension Fund has taken one of its Bulawayo tenants, Small and Medium Enterprises Association of Zimbabwe, to court over $13 000 rental arrears. NRZ Pensi...

By Staff reporter | Published: 18 June 2018

TRANSPORT & TOURISM

More locomotives for NRZ

THE National Railways of Zimbabwe (NRZ) has received additional locomotives and wagons under the equipment deal with Transnet of South Africa.The equipment is part of a deal struck with the Diaspora I...

By Staff reporter | Published: 15 June 2018
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