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Frantic talks fail to unlock NRZ logjam
A SERIES of meetings this week aimed at ending the stalemate in the finalisation of the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal failed to break the deadlock among the ...Published: 15 Feb 2019 at 08:23hrs | 705 | by Staff reporter
US hunter kills two Zimbabwean elephants; claims self defence
AN American hunter who who shot dead two elephants with his friend has seen his company's website and social media sites swamped with furious messages.Photos of Mike Jines standing over the co...Published: 12 Feb 2019 at 09:02hrs | 2462 | by Agencies
Mnangagwa's plan to revive Bulawayo falters
Industries in the second city are still battling to survive despite pledges by President Emmerson Mnangagwa to breathe life into what was once the hub of the country's economy.Ahead of the har...Published: 13 Jan 2019 at 22:36hrs | 2133 | by Staff reporter
$400m NRZ deal in limbo
GOVERNMENT is reconsidering the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project to be jointly undertaken by the South African rail, port and pipeline company, Transnet and ...Published: 11 Jan 2019 at 09:54hrs | 717 | by Staff reporter
NRZ targets 4 million tonnes of freight
THE National Railways of Zimbabwe (NRZ) has projected to increase its freight by 25,6 percent this year buoyed by the anticipated improved business and recapitalisation efforts.NRZ public rela...Published: 06 Jan 2019 at 09:51hrs | 378 | by Staff reporter
Govt negotiates $216m for NRZ
Government is in negotiations with the Diaspora Infrastructure Development Group and Transnet Consortium for the financing of the National Railways of Zimbabwe (NRZ) to the tune of $216 million, accor...Published: 23 Dec 2018 at 08:32hrs | 229 | by Staff reporter
Mutsvangwa sabotages NRZ?
Presidential advisor Chris Mutsvangwa has been accused of being part of a group of people sabotaging the Diaspora Infrastructure Development Group (DIDG)-Transnet consortium to recapitalise the Nation...Published: 20 Dec 2018 at 14:48hrs | 4844 | by Mandla Ndlovu
Mega deals remain elusive for Zimbabwe
Locally, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as ...Published: 08 Dec 2018 at 14:50hrs | 667 | by Staff reporter
Mnangagwa calls for rail network overhaul
PRESIDENT Emmerson Mnangagwa has called for a total revamp of the country's rail network and re-equipping the National Railways of Zimbabwe (NRZ) workshops to enable the parastatal to serve the entire...Published: 26 Nov 2018 at 06:14hrs | 936 | by Staff reporter
'Ring-fence bulk goods to save NRZ'
FORMER chairperson of the Parliamentary Portfolio Committee on Transport, Dexter Nduna, says it would be difficult for the National Railways of Zimbabwe (NRZ) to be turned around despite the $400 mill...Published: 21 Nov 2018 at 05:12hrs | 587 | by Staff reporter
Business success in Zimbabwe no longer hinges on political connections
The Diaspora Infrastructure Development Group, a leading investor in Zimbabwe that won the tender to recapitalise the National Railways of Zimbabwe (NRZ) to the tune of $400 million (R5.7 billion), sa...Published: 18 Oct 2018 at 09:08hrs | 1855 | by African News Agency
Vandalism puts struggling NRZ off track
THE struggling National Railways of Zimbabwe (NRZ) has expressed concern over the increase of vandalism of its points machines, resulting in train movement disruptions and derailments.The poin...Published: 05 Oct 2018 at 06:46hrs | 693 | by Staff reporter
Zimbabwe still awaits mega deals
LOCALLY, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as ...Published: 30 Sep 2018 at 20:38hrs | 1439 | by Staff reporter
Matiza talks tough on VID corruption
Transport minister Joel Biggie Matiza inherited a portfolio that superintends over struggling, but key parastatals such as Air Zimbabwe and the National Railways of Zimbabwe.Matiza (JBM) told ...Published: 30 Sep 2018 at 18:59hrs | 612 | by Staff reporer
Mnangagwa ally resigns as NRZ board chairman
NATIONAL Railways of Zimbabwe (NRZ) board chair, Larry Mavima, has resigned as the parastatal's chairman following his recent swearing in as Senator for Shurugwi-Zvishavane and appointment as Minister...Published: 18 Sep 2018 at 06:34hrs | 1164 | by Staff reporter
NRZ 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 all...Published: 27 Aug 2018 at 13:04hrs | 2236 | by Staff Report
NRZ reports jump in first half freight volumes
THE National Railways of Zimbabwe (NRZ) moved 1 772 million tonnes of freight in the first seven months of the year, an 11% increase on its performance during the same period last year, according to a...Published: 22 Aug 2018 at 06:08hrs | 163 | by Staff reporter
NRZ 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....Published: 10 Aug 2018 at 07:59hrs | 1301 | by Staff reporter
Zimbabwe diasporans told to invest back home
ZIMBABWEANS living in the diaspora should invest back home and be part of the country's transformation process, a top industrialist has said.Donovan Chimhandamba, chairman of the Diaspora Infr...Published: 07 Jun 2018 at 09:25hrs | 1104 | by Staff reporter
NRZ records 50% surge in passengers
THE National Railways of Zimbabwe (NRZ) has recorded a 50% increase in the number of passengers using its trains following the deployment of new coaches early this year, an official has claimed....Published: 02 Jun 2018 at 15:50hrs | 366 | by Staff reporter
NRZ's $400m mega deal equipment incompatible
NRZ is facing a crisis owing to the incompatibility of railway equipment received under the $400 million Diaspora Infrastructure Development Group (DIDG) deal. Sources at the company said some...Published: 24 May 2018 at 08:03hrs | 1675 | by Staff reporter
New railway line linking Hwange to Harare to be constructed
A NEW rail line linking Hwange to Harare via Binga and Gokwe will be constructed as part of the revitalisation of the National Railways of Zimbabwe (NRZ), a Cabinet Minister has said.The giant...Published: 15 May 2018 at 07:07hrs | 733 | by Staff reporter
Bulawayo de-industrialisation, ZITF success juxtaposed
The 59th edition of the Zimbabwe International Trade (ZITF) was by far the largest in decades both in terms of attendance by local and foreign exhibitors as well as the business activity.Not o...Published: 02 May 2018 at 11:49hrs | 997 | by Staff rpeorter
Serious work to revive NRZ begins
SERIOUS work to revive the National Railways of Zimbabwe is set to start in the near future amid indications that all outstanding legal issues to the $400 million recapitalisation deal are to be seale...Published: 02 May 2018 at 06:45hrs | 317 | by Staff rpeorter
Work on Gwayi-Shangani Dam project resumes
THE Gwayi-Shangani Dam Project in Matabeleland North province has resumed following requisite budgetary allocation, President Mnangagwa said yesterday.A major component of the National Matabel...Published: 28 Apr 2018 at 14:33hrs | 315 | by Staff reporter
Zimbabwean-born billionaire firm lists on New York Stock Exchange
A Zimbabwean-born billionaire owned technology company, Pivotal Software, has listed on the New York Stock Exchange. The company's chief executive Mr Rob Mee said listing as a public company was a maj...Published: 26 Apr 2018 at 07:14hrs | 1958 | by Staff Reporter
NRZ to get four more locomotives
The Diaspora Investment Development Group (DIDG) and South Africa's Transnet, is pressing ahead with revival of the National Railways of Zimbabwe (NRZ), amid indications that four more class-34 locomo...Published: 16 Apr 2018 at 06:57hrs | 315 | by Staff reporter
NRZ revival to ease HCCL transport costs
THE revival of the National Railways of Zimbabwe (NRZ) is expected to help Hwange Colliery Company Limited overcome the high costs of transporting coal by road, the company said in its results ending ...Published: 03 Apr 2018 at 06:51hrs | 542 | by Staff reporter
Government removes bottlenecks hindering economic revival, says Mohadi
THE Government has removed bottlenecks hindering economic revival and foreign direct investment in the country, Vice President Kembo Mohadi said yesterday.In his keynote address at the Bulaway...Published: 24 Mar 2018 at 08:36hrs | 863 | by Staff Reporter
Zimbabwe is indeed open for business
REPORTS that investment commitments notched by the Government in the past 100 days have exceeded $3,1 billion are an indication that contrary to negative sentiment about the performance of the new dis...Published: 16 Mar 2018 at 06:09hrs | 415 | by Mr George Charamba
Dispute hinders NRZ exploit SA mineral claims
THE exploitation of National Railways of Zimbabwe (NRZ) mineral claims in South Africa is being hampered by a dispute with another company over a double allocation of exploration rights, a Cabinet Min...Published: 15 Mar 2018 at 06:06hrs | 250 | by Staff reporter
Investment commitments to Zimbabwe surpass $3bn, claims spin doctor
INVESTMENT commitments notched by Government in the past 100 days have exceeded $3,1 billion and are firming up, a senior official has said.The Permanent Secretary in the Ministry of Informati...Published: 15 Mar 2018 at 05:57hrs | 219 | by Staff reporter
'Zimbabwe to warehouse $323m NRZ debt'
TRANSPORT minister Joram Gumbo on Tuesday told Parliament that government had agreed to warehouse the $323,5 million National Railways of Zimbabwe (NRZ) debt to ensure that the parastatal's legacy deb...Published: 15 Mar 2018 at 05:53hrs | 172 | by Staff reporter
President Mnangagwa's Report Card - The First 100 Days
Part 2: Foreign Affairs & Foreign Direct Investments President Mnangagwa during his inauguration issued some major foreign policy promises. He...Published: 13 Mar 2018 at 19:52hrs | 1996 | by Vusi Nyamazana
NRZ leasing locomotives at $1,8m
Transport and Infrastructure Development minister Joram Gumbo has revealed that the National Railways of Zimbabwe (NRZ) would be paying at least $1,8 million for leasing the recently-launched locomoti...Published: 13 Mar 2018 at 05:41hrs | 617 | by Staff reporter
ZimAchievers South Africa unveil 2018 finalists
Roll out the red carpet, the nominees for the 2018 South African edition of the Zimbabwe Achievers Awards have been announced. Organisers of the high profile event announced over 60 nominees a...Published: 01 Mar 2018 at 07:48hrs | 1131 | by Tidi Kwidini
Electrification of NRZ rail network set for 2nd phase
THE National Railways of Zimbabwe (NRZ) says electrification of its railway network will be implemented in the second phase of the rehabilitation programme.NRZ is set to implement a rehabilita...Published: 01 Mar 2018 at 05:55hrs | 760 | by Staff reporter
DIDG eyes NetOne
THE Diaspora Infrastructure Development Group (DIDG) is looking at the possibility of investing in State-owned telecommunications company, NetOne.DIDG executive chairman Mr Donovan Chimhandamb...Published: 28 Feb 2018 at 05:57hrs | 367 | by Staff reporter
Laughter as Obert Mpofu says govt won't tolerate graft
Home Affairs minister Obert Mpofu has said the new dispensation has zero tolerance for corruption, amid calls for him to quit over an allegation that he demanded a bribe of $10 million for a licence t...Published: 27 Feb 2018 at 05:58hrs | 1607 | by Staff reporter
Tapping into diaspora remittances for growth
For the past 3 years, remittances from Zimbabweans living abroad have been averaging $1 billion. This figure only accounts for funds sent home through official banking channels, as such the figure may...Published: 23 Feb 2018 at 13:25hrs | 473 | by Victor Bhoroma
Who is DIDG/Transnet Consortium?
"A SLEEPING giant has finally woken up". Those were the words of Mr Larry Mavima, the board chairman of the National Railways of Zimbabwe (NRZ), a strategic enabler in the economy that had been reduce...Published: 23 Feb 2018 at 06:01hrs | 823 | by Staff reporter
Obert Mpofu urges people to stop insulting each other
THE era of insulting each other is over and both the Government and ruling party are seized with the programme to develop the country, Zanu-PF's secretary for administration and Home Affairs Min...Published: 22 Feb 2018 at 05:57hrs | 711 | by Staff reporter
Mnangagwa presses Joram Gumbo over Chirundu-Beitbridge road dualisation
PRESIDENT Emmerson Mnangagwa yesterday called on Transport and Infrastructural Development Minister, Dr Joram Gumbo, to expedite the dualisation of the Beitbridge-Chirundu Highway and improve the stat...Published: 22 Feb 2018 at 05:52hrs | 1937 | by Staff reporter
NRZ set to make $1.1 million monthly
THE National Railways of Zimbabwe (NRZ) is set to improve its monthly revenues by $1.1 million on the back of newly acquired equipment from South Africa under an interim arrangement with the parastata...Published: 22 Feb 2018 at 05:48hrs | 857 | by Staff reporter
Mnangagwa receives railway equipment from SA
THE revival of big industries in the mining, agriculture and manufacturing sectors is top of the Government's agenda as the nation seeks to transform the economy and create jobs for Zimbabweans,...Published: 22 Feb 2018 at 05:45hrs | 1177 | by Staff reporter
Mnangagwa commissions NRZ rolling stock
President Emmerson Mnangagwa has commissioned a consignment of 157 wagons, 7 locomotives and 7 coaches for the National Railways of Zimbabwe (NRZ), marking a giant step towards the country's revival o...Published: 21 Feb 2018 at 14:15hrs | 2792 | by Staff reporter
Mnangagwa to commission leased NRZ equipment
President Emmerson Mnangagwa will on Wednesday commission equipment leased by the National Railways of Zimbabwe (NRZ) from Transnet.The equipment, comprising 13 locomotives, 200 wagons and 34 ...Published: 19 Feb 2018 at 05:50hrs | 875 | by staff reporter
NRZ equipment arrives from South Africa
A Total of 108 wagons and seven locomotives that were acquired from South Africa as part of the resuscitation of the National Railways of Zimbabwe (NRZ) have arrived in the country through Beitbridge ...Published: 12 Feb 2018 at 05:38hrs | 1319 | by Staff reporter
NRZ back on the rails
THE National Railways of Zimbabwe will resume full operations in June after implementation of the US$400 million recapitalisation deal sealed between Government, South African firm Transnet and the Di...Published: 11 Feb 2018 at 07:48hrs | 1551 | by Staff reporter
First consignment of NRZ wagons arrives
TWO railway diesel-electro locomotives and 31 wagons, part of a larger consignment of new trains expected to inject life into the ailing National Railways of Zimbabwe (NRZ), arrived in the country yes...Published: 11 Feb 2018 at 07:29hrs | 763 | by Staff reporter
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