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DIDG rolls sleeves in NRZ turnaround… gets 50percent stake to manufacture rail sleepers

DIDG rolls sleeves in NRZ turnaround… gets 50percent stake to manufacture rail sleepers

DIASPORA Infrastructure Development Group (DIDG) has acquired a 50 percent stake of the country’s sole manufacturer of rail slippers Fort Concrete and will inject $3 million into the Gweru-based company to start manufacturing the slippers for the rail track rehabilitation project. DIDG won the $400 million tender to recapitalise and operate the National Railways of […]

Rovos Rail Pride of Africa – Offers a spectacular safari across southern Africa

Rovos Rail Pride of Africa – Offers a spectacular safari across southern Africa

Africa is growing as a tourist hotspot for many young people around the world and unearthing more of its landmark gems only continues to strengthen its appeal. Take the case of the little-known Pride of Africa’s luxury train tour offered by South African private rail company, Rovos Rail. The train allows travelers to journey between […]

6 bidders qualify for National Railways of Zimbabwe recapitalization?

6 bidders qualify for National Railways of Zimbabwe recapitalization?

SIX potential investors have been shortlisted for the National Railways of Zimbabwe (NRZ)’s $400 million recapitalisation tender that closed yesterday. The tendering process opened on May 5, 2017 and attracted more than 80 local and international bidders. The winning bidders are Sino Hydro, China Civil Engineering, Crowhat International (from Europe) Croax Private Ltd (South Africa), […]

NRZ, Russian firm discuss supply of 100 new wagons: $10m wagons deal

NRZ, Russian firm discuss supply of 100 new wagons: $10m wagons deal

THE National Railways of Zimbabwe (NRZ) is in discussions with a Russian wagon manufacturer, Uniwagon, for the supply of 100 new wagons under a $10 million loan facility. Speaking in Parliament on Wednesday, Transport and Infrastructural Development Deputy Minister Engineer Michael Madanha said NRZ has already submitted its relevant documentation to the Russians pertaining the […]

Are Chinese Investors in Standard Gauge Railway Project Neo-Colonial Predators?

Are Chinese Investors in Standard Gauge Railway Project Neo-Colonial Predators?

Chinese investors in Kenya’s standard gauge railway (SGR) project generally responded fairly to challenges, and should not be regarded as “neo-colonial predators,” a study by US-based researchers has found. The Kenyan government and the country’s political culture are seen, in contrast, as the source of many of the problems and conflicts that arose during construction […]

National Railways of Zimbabwe faces artisans exodus challenge

National Railways of Zimbabwe faces artisans exodus challenge

THE National Railways of Zimbabwe (NRZ) has lost several of its skilled staff in the face of operational challenges that have forced qualified workers to seek greener pastures outside the country. Zimbabwe Railways Artisans Union (RAU) president, Mr Edmore Africa, said this at a media briefing in Bulawayo on Tuesday. He told journalists that workers […]

National Railways of Zimbabwe slashes passenger train fares by 30pc

National Railways of Zimbabwe slashes passenger train fares by 30pc

THE National Railways of Zimbabwe (NRZ) will starting next week reduce fares for passenger trains on major routes by up to 30 percent. In a statement, the railway company said it would cut fares for the Bulawayo to Harare, Bulawayo to Victoria Falls and Bulawayo to Sango Border with Mozambique routes. “NRZ is glad to […]

Uganda, Rwanda, Tanzania Link Project On Track

Uganda, Rwanda, Tanzania Link Project On Track

Three East African Community (EAC) member countries – Uganda, Rwanda and Tanzania – have unanimously agreed to hasten inter-connectivity of National Fiber Networks and Infrastructure for the benefit of the citizens in respective countries. The Permanent Secretary in the Ministry of ICT in Uganda, Mr Vincent Baggire, told the ‘Daily News’ in an interview in […]

Potential investors inspect National Railways of Zimbabwe assets

Potential investors inspect National Railways of Zimbabwe assets

A GROUP of 10 potential investors interested in the proposed $400 million National Railways of Zimbabwe (NRZ) recapitalisation project have conducted a four-day voluntary due diligence inspection of the parastatal’s assets. NRZ public relations manager Mr Nyasha Maravanyika said the voluntary tour by the group was a follow-up to the recapitalisation pre-bid conference held in […]

Vagrants burn 21 National Railways of Zimbabwe wagons

Vagrants burn 21 National Railways of Zimbabwe wagons

THE National Railways of Zimbabwe (NRZ) has blamed vagrants for allegedly causing the fire which burnt and destroyed the parastatal’s 21 wagons in Bulawayo last week. NRZ spokesperson, Nyasha Maravanyika, yesterday said the wagons were burnt after suspected vagrants lit a fire to warm themselves up and left it unattended on June 7. “What we […]

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