Home » Posts tagged with » Diaspora Infrastructure Development Group

National Railways of Zimbabwe defends Transnet deal

National Railways of Zimbabwe defends Transnet deal

National Railways of Zimbabwe (NRZ) has allayed fears that it might have entered into a questionable deal with Transnet, following the issuing of suspension notices to three top officials who were allegedly involved in suspicious procurement of 1 064 diesel and electric locomotives in South Africa. Last week, Transnet’s board issued its chief executive, Siyabonga […]

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 […]

National Railways of Zimbabwe equipment lease deal pays off

National Railways of Zimbabwe equipment lease deal pays off

THE National Railways of Zimbabwe (NRZ) says its decision to hire equipment from Transnet South Africa has started paying dividends, with cargo freight volumes increasing since April this year. “As part of the NRZ’s $400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DIDG) /Transnet Consortium, the NRZ is leasing equipment from Transnet as […]

National Railways of Zimbabwe Narrows Salary Arrears

National Railways of Zimbabwe Narrows Salary Arrears

THE National Railways of Zimbabwe (NRZ) is now paying its workers 90 percent of their full salaries up from 50 percent in recent months driven by improved business operational efficiency. The parastatal has not been able to pay full salaries in the past few years due to operational challenges, which have seen it incurring a […]

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone