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Standard Guage Railway Train to Ferry 1,200 Per Trip From May 31

Standard Guage Railway Train to Ferry 1,200 Per Trip From May 31

A passenger train scheduled to operate on the standard gauge railway has the capacity to ferry 1,200 passengers per trip, the Kenya Railways has said. Managing Director Atanas Maina on Monday said only one train would operate between Mombasa and Nairobi from May 31. DAILY TRIP President Uhuru Kenyatta is expected to launch the service […]

Tanzania Struggles to Finance Standard Gauge Railway

Tanzania Struggles to Finance Standard Gauge Railway

Tanzania is struggling to find financiers for its proposed $1.2 billion standard gauge railway as leaders continue to raise questions on the viability of the project. A group of MPs recently said the project is likely to stall due to lack of financing unless the government considers alternative sources of funds outside low-interest loans such […]

Kenya Standard Gauge Railway Launch Set for May 31

Kenya Standard Gauge Railway Launch Set for May 31

President Uhuru Kenyatta is set to launch the Mombasa-Nairobi Standard Gauge Railway (SGR) line on May 31 in a ceremony to be attended by senior officials from the Chinese Government. State House Spokesperson Manoah Esipisu said China will be sending a delegation comprising members of its State Council who will include two ministers and a […]

Railway Set to Revive Forgotten Lake Victoria Transport

Railway Set to Revive Forgotten Lake Victoria Transport

Rwanda’s decision to pull out of the Kenyan standard gauge railway in favour of Tanzania’s Central Corridor could have just been the saving grace for the collapsed Lake Victoria transport system, after both Kenya and Uganda indicated that they will be building new ports to carry cargo across the lake. In April 2016, Rwanda pulled […]

Uganda May Join Dar As Kenya Weighs Options of Extending SGR to Malaba

Uganda May Join Dar As Kenya Weighs Options of Extending SGR to Malaba

Uganda is considering abandoning the Kenyan standard gauge railway route and joining the Tanzania one if Kenya does not commit to building the Kisumu-Malaba section of the railway project. On Monday, Kenya announced that it was seeking a $3.59 billion loan from China to extend the SGR from Naivasha to Kisumu, leaving out the details […]

20 firms eye National Railways of Zimbabwe stake

20 firms eye National Railways of Zimbabwe stake

MORE than 20 potential investors have expressed interests in partnering the National Railways of Zimbabwe in its bid to recapitalise its operations. In a telephone interview with Sunday Business on Friday, NRZ board chairman Mr Larry Mavima said the company was overwhelmed by the response it was getting from various potential investors across the globe. […]

National Railways of Zimbabwe forensic audit complete

National Railways of Zimbabwe forensic audit complete

A FORENSIC audit of the struggling National Railways of Zimbabwe (NRZ), the country’s sole railway transport operator, has been completed, the Financial Gazette’s Companies & Markets (C&M) has established. The company’s board chairman, Larry Mavhima, revealed that the report, which covered the past five years, was handed over to his board last week. Mavhima, however, […]

Zimbabwe’s state owned parastatal NRZ Loses Out $2.5 Billion

Zimbabwe’s state owned parastatal NRZ Loses Out $2.5 Billion

The National Railways of Zimbabwe (NRZ) has this year lost potential revenue of close to $2.5 billion in transport revenue to other transporters due to its in ability to take up cargo transport contracts, parliament has revealed. The country’s cargo carrier is in sorry state as it is struggling to maintain its wagons most of […]

Abuse at NRZ: Sits on $150m real estate: Asset register in shambles

Abuse at NRZ: Sits on $150m real estate: Asset register in shambles

THE rundown National Railways of Zimbabwe (NRZ) is sitting on countrywide real estate estimated to be worth more than $150 million, with the potential to raise at least $5 million in rentals monthly. According to information The Chronicle has pieced together in an in-depth investigation, the countrywide properties include guest houses in the country’s low […]

National Railways of Zimbabwe to seek private partnerships

National Railways of Zimbabwe to seek private partnerships

The cabinet has given the nod for the National Railways of Zimbabwe (NRZ) to look for private partnership in its recapitalisation drive in a move that could see the ailing parastatal turning around its fortunes for better. The move has given the ailing NRZ a fresh impetus. Addressing journalists in Bulawayo, NRZ board chairman Mr […]

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