Zimbabwe: DIDG Explores U.S.$400 Million Fightback

The Diaspora Infrastructure Development Group (DIDG) has written to its shareholders advising them on the range of options available to the consortium in its spirited bid to salvage the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation bid that was controversially terminated by government last year.

This comes after the consortium indicated that it would slap the NRZ with a US$215 million lawsuit if it proceeded ahead with re-tendering the multi-million dollar NRZ recapitalisation transaction which Treasury was assessing before it was terminated by cabinet at the behest of Transport and Infrastructure Development minister Joel Biggie Matiza.

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