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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 […]

Parastatal reform crucial in a new Zimbabwe

Parastatal reform crucial in a new Zimbabwe

HARARE – Among the plethora of problems that will face the new government when it is sworn in and starts work, is the urgent issue of reform of the 105 State-owned enterprises (SOEs) that are currently managed by line ministries on behalf of taxpayers who are the owners or shareholders. Few other issues will demand […]

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 […]

Mnangagwa’s new NRZ trains collide near Bannockburn, One dead

Mnangagwa’s new NRZ trains collide near Bannockburn, One dead

One person is reported to have died following two National Railways of Zimbabwe (NRZ) trains were involved in a head-on collision Near Bannockburn, Oreti siding on the company’s southeast line from Rutenga. One train loaded with fuel was coming from Rutenga while the other empty ballast train was heading back to Rutenga. It is said […]

National Railways of Zimbabwe sets record straight on deals

National Railways of Zimbabwe sets record straight on deals

THE National Railways of Zimbabwe (NRZ) has deployed all the leased equipment under its interim agreement with the Diaspora Infrastructure Development Group (DIDG)/Transnet consortium while it awaits financial closure to the $400 million recapitalisation deal, company spokesperson Mr Nyasha Maravanyika said yesterday. The giant parastatal took delivery of the first batch of the leased railway […]

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 […]

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 […]

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 […]

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