Zimbabwe: NRZ Fails to Lure Investors

7 August 2014

The National Railways of Zimbabwe is failing to lure potential investors to revive its operations because of depressed business that has seen volumes of freight falling from 9,6 million tonnes in 2000 to 3,71 million tonnes last year. This was revealed by the Permanent Secretary in the Ministry of Transport and Infrastructural Development, Mr Munesu Munodawafa, on Tuesday when he appeared before the Public Accounts Committee, together with management from NRZ to give evidence on the company's 2011 audited accounts.

"The (National) Railways has been studied by a number of companies, particularly from the Eastern bloc, but the major challenge that is there and why we have not moved is the aspect of the level of business because obviously any investor would want a return," he said.

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