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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 […]

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 […]

Bumper harvest to boost National Railways of Zimbabwe volumes

Bumper harvest to boost National Railways of Zimbabwe volumes

THE National Railways of Zimbabwe (NRZ) expects to move more than one million tonnes of freight internally this year spurred by the anticipated bumper harvest. Following the good rains Zimbabwe received in the 2016/17 summer cropping season, the Government has projected a bumper harvest of about 2.7 million tonnes of grain. NRZ chairman Mr Larry […]

Struggling National Railways of Zimbabwe patches together $400m recapitalisation plan

Struggling National Railways of Zimbabwe patches together $400m recapitalisation plan

THE financially-struggling National Railways of Zimbabwe (NRZ) yesterday held a recapitalisation pre-bid conference in Bulawayo, as it seeks to raise $400 million to revive its operations and to repair infrastructure and equipment, to regain its lost market share. Addressing prospective bidders, who included international and local investors, NRZ deputy board chairperson, who is also chairman […]

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