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NRZ fights US$236m DIDG suit
THE National Railways of Zimbabwe (NRZ) will defend the US$236 million lawsuit filed by the Diaspora and Infrastructure Development Group (DIDG) following the termination of a US$400 million recapital...Published: 08 Sep 2020 at 06:22hrs | 198 | by Staff reporter
NRZ slapped with US$236m lawsuit
DIASPORA and Infrastructure Development Group (DIDG) is demanding US$236 million from the National Railways of Zimbabwe (NRZ) as compensation after cabinet controversially terminated the consortium's ...Published: 04 Sep 2020 at 06:23hrs | 2016 | by Staff reporter
NRZ finally cancels DIDG tender
THE National Railways of Zimbabwe has finally cancelled the US$400 million recapitalisation tender that had been awarded to the Diaspora Infrastructural Development Group (DIDG) in partnership with So...Published: 04 Aug 2020 at 08:11hrs | 1339 | by Staff reporter
Matiza censured over collapsed DIDG deal
IN the wake of the controversial termination of the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal last year by cabinet, Attorney-General (AG) Prince Machaya reportedly wrote...Published: 03 Jul 2020 at 08:27hrs | 2685 | by Staff reporter
Matiza, NRZ board clash
Transport and Infrastructure Development Minister Biggie Matiza has declared war on the National Railways of Zimbabwe (NRZ) board and top management over failure to fully implement his directive on ca...Published: 02 Jul 2020 at 22:26hrs | 2779 | by Staff reporter
Minister JB Matiza on the spot over US$400m deal
A consortium that won a US$400 million tender to turn around perennially loss-making National Railways of Zimbabwe (NRZ) has threatened to sue the company after Transport minister Joel Biggie Matiza o...Published: 28 Jun 2020 at 08:14hrs | 755 | by Staff reporter
NRZ: Mnangagwa's govt in catch-22 situation
GOVERNMENT has instructed the National Railways of Zimbabwe (NRZ) board to fire the parastatal's management for poor performance and gross mismanagement of the parastatals' affairs, Southern Eye on Su...Published: 28 Jun 2020 at 08:02hrs | 603 | by Staff reporter
Rautenbach's monopoly bleeds Zimbabwe
THE newly enacted bio-fuels policy of Zimbabwe exposes how local tycoon Billy Rautenbach's monopoly in ethanol production has crippled the country financially despite the availability of cheaper ethan...Published: 28 Mar 2020 at 08:06hrs | 2611 | by Staff reporter
Titanic clash looms over US$400m NRZ tender
THE National Railways of Zimbabwe (NRZ) board has finally formally notified Diaspora Infrastructure Development Group (DIDG) of its decision to re-tender the US$400 million deal to recapitalise the mo...Published: 28 Mar 2020 at 08:05hrs | 944 | by Staff reporter
Mnangagwa blocks Mbeki mediation
SADC leaders have been left frustrated by President Emmerson Mnangagwa's administration following his decision to block former South African president Thabo Mbeki (pictured) from mediating in the prop...Published: 20 Mar 2020 at 20:43hrs | 3377 | by Staff reporter
US$11bn rail project for Zimbabwe, Zambia, Mozambique
UNITED States-based Railnet International plans to invest an estimated US$11 billion in a modern railway line and high-speed trains linking Zambia, Zimbabwe and Mozambique. According to Reuter...Published: 10 Mar 2020 at 05:20hrs | 1255 | by Staff reporter
NRZ investor takes money to SA
IN the wake of the termination of the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal, the Diaspora Infrastructure Development Group (DIDG) and related companies are shifting ...Published: 28 Feb 2020 at 05:37hrs | 1652 | by Staff reporter
Search for new NRZ suitor begins
The renewed search for a suitor for the National Railways of Zimbabwe (NRZ) is set to begin this week after the US$400 million deal with Diaspora Infrastructure Development Group (DIDG)-Transnet conso...Published: 26 Jan 2020 at 06:15hrs | 139 | by Staff reporter
NRZ board defies Matiza over US$400 million deal
THE National Railways of Zimbabwe (NRZ) board is defying implementing Transport minister Joel Biggie Matiza's directive to re-tender the entity's US$400 million recapitalisation deal, citing punitive ...Published: 13 Dec 2019 at 08:00hrs | 531 | by Staff reporter
Minister Matiza 'lied' to scuttle NRZ deal
Transport minister Joel Biggie Matiza has been accused of deliberately misleading cabinet in a bid to scuttle the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project.Th...Published: 01 Dec 2019 at 06:11hrs | 550 | by Staff reporter
US$215m lawsuit for Matiza, NRZ
THE Diaspora Infrastructure Development Group (DIDG) has instructed its lawyers Atherstone and Cook Legal Practitioners to sue Transport minister Joel Biggie Matiza and the National Railways of Zimbab...Published: 29 Nov 2019 at 09:55hrs | 1653 | by Staff reporter
Fresh start for NRZ recapitalisation project
Cabinet has ordered the retendering of the National Railways of Zimbabwe recapitalisation project following the cancellation of the US$400 million deal last month. The deal, involving th...Published: 27 Nov 2019 at 06:20hrs | 284 | by Staff reporter
Govt yet to formally communicate on DIDG contract cancellation
GOVERNMENT has not yet formally communicated to the Diaspora Infrastructure Development Group (DIDG) concerning the termination of the US$400 million deal meant to revive the National Railways of Zimb...Published: 29 Oct 2019 at 06:57hrs | 299 | by Staff reporter
NRZ signs wagons deal in Russia
A NEW lease of life is beckoning for the troubled National Railways of Zimbabwe (NRZ) after the entity signed a new deal with Union Wagons of Russia here on Tuesday, for the supply of wagons and locom...Published: 25 Oct 2019 at 09:31hrs | 171 | by Staff reporter
DIDG cries foul after Zimbabwe cancels NRZ, Transnet deal - legal battle looms
A LEGAL showdown is looming between the Diaspora Infrastructure Development Group (DIDG) and government after cabinet this week dramatically terminated the US$400 million National Railways of Zimbabwe...Published: 18 Oct 2019 at 05:32hrs | 460 | by Staff reporter
US$400m NRZ deal divides ministers
CABINET's shock decision this week to cancel the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal won by the Diaspora Infrastructure Development Group (DIDG) and South African ...Published: 18 Oct 2019 at 05:27hrs | 418 | by Staff reporter
Massive NRZ tender cancelled
Government has cancelled the US$400 million deal with Diaspora Infrastructure Development Group-Transnet consortium meant to revive the National Railways of Zimbabwe (NRZ) after the group failed to co...Published: 17 Oct 2019 at 08:42hrs | 16 | by Staff reporter
Mnangagwa reins in Matiza over NRZ
PRESIDENT Emmerson Mnangagwa this week moved to rein in Transport minister Joel Biggie Matiza over his bid to scuttle the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project by...Published: 11 Oct 2019 at 07:11hrs | 1739 | by Staff reporter
Chiyangwa's loss making company to manufacture and refurbish wagons?
THE Diaspora Infrastructure Development Group (DIDG) has started manufacturing 6 000 rail sleepers for Beitbridge Bulawayo Railway while plans are underway to produce 60 000 more for the National Rail...Published: 09 Oct 2019 at 06:50hrs | 583 | by Staff reporter
Mnangagwa boosts NRZ deal
President Emmerson Mnangagwa yesterday said there was no conflict between him and his Transport minister Joel Biggie Matiza on the US$400 million deal to modernise the National Railways of Zimbabwe (N...Published: 08 Oct 2019 at 06:56hrs | 5992 | by Staff reporter
Mnangagwa, minister cross swords over NRZ
PRESIDENT Emmerson Mnangagwa is on a collision course with Transport minister Joel Biggie Matiza over the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project, as it reaches cri...Published: 04 Oct 2019 at 07:56hrs | 1242 | by Staff reporter
NRZ says happy with DIDG deal
THE National Railways of Zimbabwe (NRZ) has expressed satisfaction with progress made towards concluding the US$400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DI...Published: 24 Sep 2019 at 07:54hrs | 222 | by Staff reporter
Minister in plot to scuttle NRZ deal
TRANSPORT minister Biggie Matiza is reportedly manoeuvring to smuggle through the backdoor a Dubai-based firm into the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal, despite...Published: 20 Sep 2019 at 07:22hrs | 775 | by Staff reporter
NRZ - DIDG deal awaits guidance from Treasury
The National Railways of Zimbabwe (NRZ) has received the submissions for funding made towards the US$400 million recapitalisation project by Diaspora Infrastructure Development Group (DIDG)/Transnet C...Published: 14 Sep 2019 at 11:19hrs | 388 | by Advocate Martin Dinha
NRZ deal back on track
THE National Railways of Zimbabwe (NRZ) recapitalisation project is now back on track after the utility's board yesterday approved a US$420 million funding offer from the Diaspora Infrastructure Devel...Published: 10 Sep 2019 at 05:57hrs | 630 | by Staff reporter
NRZ increase inter-city train fares by 100%
THE National Railways of Zimbabwe (NRZ) has increased inter-city passenger train fares by 100 percent.Intra-city commuter train fares, however, remain unchanged at $1 for a return ticket....Published: 29 Aug 2019 at 23:56hrs | 2680 | by Staff reporter
Fully utilizing ZIDA to promote economic growth
The Zimbabwe Investment and Development Agency (ZIDA) Bill was gazetted on the 5th of April 2019. The purpose of the bill is to establish a single focal point that facilitates entry and implementation...Published: 09 Aug 2019 at 21:46hrs | 519 | by Victor Bhoroma
DIDG loses exclusive rights to NRZ deal
GOVERNMENT has removed the exclusivity clause for the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal after investors for the project failed to provide proof of funding within...Published: 20 May 2019 at 06:36hrs | 867 | by Staff reporter
Minister Matiza in NRZ funding storm
TRANSPORT minister Joel Biggie Matiza could have mislead parliament this week when he told legislators that South African rail, port and pipeline company, Transnet, and Diaspora Infrastructure Develop...Published: 17 May 2019 at 07:18hrs | 2564 | by Staff reporter
NRZ / DIDG deal hits a funding snag
TRANSPORT minister Joel Biggie Matiza yesterday told the National Assembly that the $400 million National Railways of Zimbabwe and DIDG Transnet deal which President Emmerson Mnangagwa commissioned la...Published: 16 May 2019 at 06:49hrs | 1016 | by Staff reporter
Temba Mliswa talks tough on NRZ managers
Norton Member of Parliament Temba Mliswa has blasted Senior managers at the National Railways of Zimbabwe (NRZ) who are alleged tobe trampling on and changing through the back door the terms and condi...Published: 18 Apr 2019 at 16:05hrs | 1919 | by Mandla Ndlovu
NRZ set for revivals as Zimbabwe, SA clear hurdles
The National Railways of Zimbabwe (NRZ) has received a boost after both Zimbabwe and South Africa cleared all the hurdles which had delayed the injection of US$400 million into the struggling parastat...Published: 15 Mar 2019 at 06:25hrs | 2240 | by Staff reporter
Ramaphosa arrives
South African President Cyril Ramaphosa arrived in the country last night ahead of today's third session of the Zimbabwe-South Africa Bi-National Commission Summit in Harare. President Ramapho...Published: 12 Mar 2019 at 05:48hrs | 320 | by Staff reporter
Ramaphosa's team arrives for BNC meetings
Senior government officials from South Africa arrived into the country yesterday for preparatory meetings of the third session of the Zimbabwe-South Africa Bi-National Commission (BNC) amid indication...Published: 06 Mar 2019 at 23:20hrs | 536 | by Staff reporter
NRZ hikes inter-city fares
THE National Railways of Zimbabwe (NRZ) yesterday increased fares on its inter-city passenger trains by up to 150 percent on some routes with immediate effect. NRZ operates three daily and two...Published: 26 Feb 2019 at 06:52hrs | 2211 | by Staff reporter
$400m NRZ deal set to top Mnangagwa - Ramaphosa talks
THE National Railways of Zimbabwe (NRZ) US$400 million deal will be one of the key items on the agenda during the South Africa-Zimbabwe bi-national commission meetings when South African President Cyr...Published: 22 Feb 2019 at 09:14hrs | 1050 | by Staff reporter
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 | 910 | 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 | 2628 | 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 | 2209 | 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 | 693 | 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 | 396 | 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 | 251 | 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 | 4880 | 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 | 695 | 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 | 923 | by Staff reporter
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