Six foreign investors bid to revive NRZ 

By Kuda Chideme, HARARE, July 4 (The Source) – Six private investors, including SMH Rail Malaysia and South Africa’s Transnet on Tuesday submitted bid documents for a $400 million tender to recapitalize Zimbabwe’s struggling rail company. National Railways of Zimbabwe (NRZ), the country’s sole railway… Read More

NRZ secures $460 million DBSA loan

BULAWAYO, July 23 (The Source) – National Railways of Zimbabwe has secured a $460 million loan from the Development Bank of Southern Africa to rehabilitate its ailing infrastructure, with the deal expected to be announced next week, an official has said. Transport secretary, Munesu Munodawafa… Read More