Zimbabwe: NRZ Deal Awaits Treasury Approval

Following a recent meeting of the National Railways of Zimbabwe (NRZ) board and a joint plenary session by stakeholders on the rail utility's US$400 million recapitalisation deal, the process has moved up to fiscal and monetary authorities for approvals before implementation can commence, the Zimbabwe Independent can report.

Treasury and the Reserve Bank of Zimbabwe (RBZ) are currently assessing the funding package submitted by the Diaspora Infrastructure Development Group (DIDG) which has attracted the interest of various banks, mostly from South Africa, and the joint venture proposal.

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