Zimbabwe: Minister in Plot to Scuttle NRZ Deal

Transport minister Biggie Matiza is reportedly manoeuvring to smuggle through the backdoor a Dubai-based firm into the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal, despite the company having failed to meet requirements of the bidding process, the Zimbabwe Independent can reveal.

This comes after the consortium which ultimately won the bid to turn around moribund NRZ -- the Diaspora Infrastructure Development Group (DIDG) -- appointed the African Import and Export Bank (Afreximbank) as the mandated lead arranger into the multi-million-dollar deal that is now being assessed by Treasury pending approval for implementation to start.

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