In the wake of the controversial termination of the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal last year by cabinet, Attorney-General (AG) Prince Machaya reportedly wrote to Transport minister Joel Biggie Matiza advising him on the dire legal implications of cancelling the project, fresh details have emerged.
The Diaspora Infrastructure and Development Group (DIDG), which won the tender to recapitalise the moribund rail operator in 2017 before the deal was overturned by cabinet at the behest of Matiza, is on the verge of suing the NRZ for US$215 million.
...
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