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.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article