Zimbabwe: NRZ Board Defies Matiza Over U.S.$400 Million Deal

The National Railways of Zimbabwe (NRZ) board is defying implementing Transport minister Joel Biggie Matiza's directive to re-tender the entity's US$400 million recapitalisation deal, citing punitive legal implications associated with the move.

Following cabinet's decision in October to cancel the NRZ's US$400 million tender awarded to the Diaspora Infrastructure Development Group (DIDG) in 2017, the consortium swiftly moved in to instruct its lawyers, Atherstone and Cook Legal Practitioners, to file a US$215 million lawsuit against the rail operator.

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