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Zimbabwe Railways Needs U.S.$400 Million to Survive

The National Railways of Zimbabwe needs as much as US$400 million in the short to medium term to recapitalise.
Zimpapers/Herald library.

National Railways of Zimbabwe train station.

  • Zimbabwe:   NRZ Targets to Move 6 Million Tonnes

    The Herald, 8 March 2012

    THE National Railways of Zimbabwe is targeting to move six million tonnes of traffic this year up from 3,8 million tonnes in 2011. Last year the parastatal had targeted to move 5,3… Read more »

  • Zimbabwe:   National Railways of Nation to Restructure

    Zimbabwe Independent, 23 February 2012

    THE National Railways of Zimbabwe (NRZ) will soon be restructured in a bid to address the challenges the company has been facing over the years, GM Air Commodore Mike Karakadzai… Read more »

  • Zimbabwe:   NRZ Struggles to Trim Workforce

    The Herald, 31 January 2012

    THE National Railways of Zimbabwe, which is reeling from serious cash flow problems, has a bloated workforce of more than 8 000 and is facing challenges to streamline the numbers.… Read more »

  • Zimbabwe:   NRZ Employees Return to Work

    The Herald, 4 October 2011

    NATIONAL Railways of Zimbabwe workers who went on strike last week demanding outstanding salaries yesterday returned to work after heeding a promise by management that their… Read more »

  • Zimbabwe:   Strike Costs NRZ U.S.$5 Million

    Zimbabwe Standard, 1 October 2011

    National Railways of Zimbabwe says it lost close to US$5 million in one week due to a debilitating strike action that is costing the troubled transport company about US$1 million… Read more »

  • Zimbabwe:   NRZ Cancels Passenger Train Service As Strike Continues

    The Herald, 30 September 2011

    THE National Railways of Zimbabwe has cancelled commuter trains in Bulawayo and Harare and the passenger train service throughout the country, amid revelations the parastatal is… Read more »

  • Zimbabwe:   NRZ On Life Support

    Financial Gazette, 3 August 2011

    EMBATTLED national rail operator the National Railways of Zimbabwe (NRZ)is struggling to sustain its wage bill, resulting in its 9 000-strong workforce going for the past two… Read more »

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