National Railways of Zimbabwe (NRZ)

NRZ in $29m limbo

NRZ in $29m limbo

FOURTEEN locomotives, which the National Railways of Zimbabwe (NRZ) paid a deposit for in China in 2011, are yet to be manufactured with the contracted firm demanding full payment or credit guarantees first before completing the job.

Govt plans to revive NRZ, Sable

Govt plans to revive NRZ, Sable

THE government is making frantic efforts to revive companies regarded as strategic players to the national economy, a government official has said.

NRZ worker crushed  by train

NRZ worker crushed by train

A NATIONAL Railways of Zimbabwe worker is reported to have died at Mater Dei Hospital in Bulawayo yesterday after his legs were crushed by the engine coach he was servicing.

DBSA bailout for struggling NRZ

DBSA bailout for struggling NRZ

THE GOVERNMENT says it has engaged the Development Bank of South Africa (DBSA) to provide $450 million for the rehabilitation of railways and procuremhent of rolling stock as a way of addressing some of the challenges besetting the railways sector.

NRZ seeks to exploit Sengwa coal fields

NRZ seeks to exploit Sengwa coal fields

THE NATIONAL Railways of Zimbabwe is seeking investors to partner in the construction of a railway line between Kadoma and Sengwa coal fields in Gokwe in anticipation of increased business from coal mining in the area, acting general manager Lewis Mukwada said on Wednesday.

NRZ to set up $14m wagon plants

NRZ to set up $14m wagon plants

The National Railways of Zimbabwe (NRZ) plans to set up two manufacturing plants in Bulawayo at a combined cost of $14 million to revive its comatose operations laid low by debt, undercapitalisation and mismanagement.

Train crushes two  boys to death

Train crushes two boys to death

TWO Victoria Falls teenage boys were run over by a goods train on the Victoria Falls-Bulawayo railway line yesterday morning.

NRZ prepares to auction scrap

NRZ prepares to auction scrap

THE National Railways of Zimbabwe (NRZ) is finalising plans to auction 30 0000 tonnes of scrap metal estimated to fetch over $10 million as part of efforts to raise working capital.

NRZ scouts for $40 million

NRZ scouts for $40 million

THE NATIONAL Railways of Zimbabwe (NRZ) is urgently scouting for close to $40 million to finance rehabilitation projects in the short term as the state enterprise continues to rapidly deteriorate.

Nust pushes for innovation

Nust pushes for innovation

A SENIOR National University of Science and Technology (Nust) official has urged local universities to come to the rescue of the economy by leading in research and innovation.

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