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Takunda Maodza and Thupeyo Muleya— The State Procurement Board (SPB) has awarded a $400 million tender for the revival of the National Railways of Zimbabwe (NRZ) to a consortium comprising Transnet and the Diaspora Infrastructure Development Group, throwing a lifeline to the parastatal seen as a key enabler to economic revival.
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Business Reporter CABINET has approved the assumption of over $1 billion worth of debts that have been accumulated by some critical State Enterprises including Air Zimbabwe and Zisco Steel, as part of accelerated efforts to make them attractive to potential suitors.
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The National Railways of Zimbabwe (NRZ) is targeting to move freight worth $3,5 million and 387 000 passengers this year, a Parliamentary Portfolio Committee has said.
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Munyaradzi Musiiwa Midlands Correspondent NATIONAL Railways of Zimbabwe (NRZ) has identified an investor to recapitalise the parastatal following the completion of the adjudication process last week where six companies submitted their bids to partner Government in revitalising the company.
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The recapitalisation of the National Railways of Zimbabwe (NRZ) appears to be on course, with the narrowing of interested investors from 20 that had expressed serious intentions to invest in the company in a debt or equity deal, to six that were unveiled by the State Procurement Board on Tuesday.
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The State Procurement Board (SPB) yesterday unveiled six investors interested in the recapitalisation of the state-owned, National Railways of Zimbabwe (NRZ).
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The National Railways of Zimbabwe (NRZ) has secured a $5 million loan from a local bank to repair part of its fleet and is also negotiating with a Russian firm to supply it with 100 new wagons, a senior Government official has said.
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Bulawayo Bureau A GROUP of 10 potential investors interested in the proposed $400 million National Railways of Zimbabwe (NRZ) recapitalisation project have conducted a four-day voluntary due diligence inspection of the parastatal’s assets.
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Nathaniel Manheru THE OTHER SIDE— AM I wrong? I have always thought the goal of opposition is to govern? And I haven’t said the goal is to lead. To govern.
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The National Railways of Zimbabwe plans to lay off 1 400 workers after the net loss for 2015 widened to $40,88 million from $31,6 million in the previous year contributing to a cumulative loss of $276,43 million since dollarisation.