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 seeks govt funding, ring-fencing of certain commodities
THE National Railways of Zimbabwe (NRZ) wants government to prescribe that certain bulk commodities be transported by rail, among a raft of measures to revive the ailing parastatal. The move would come after NRZ has been recapitalised, board chairperson Larry Mavhima told reporters. The rail parastatal is seeking $635 million from its shareholder, the government. […]
