ED Overrules Transport Minister On NRZ Deal – Report

President Emmerson Mnangagwa reportedly blocked Transport and Infrastructure Development Minister Joel Biggie Matiza from jettisoning the Diaspora Infrastructure Development Group (DIDG) from the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project.

According to The Independent, Matiza wanted to bring in a Dubai-based firm, Feonirich Investments LLC, in place of DIDG. The publication quotes an unnamed senior government official as saying:

President Mnangagwa summoned Matiza over the issue on Monday and told him to explain himself and write a report proving his claims that there is no money to finance the project. And then cabinet intervened to stop the minister on his tracks over the issue.

DIDG is a consortium of Zimbabwean investors living aboard. It won the contract to revive the NRZ in 2017 but the execution of the deal has been delayed as a result of lengthy negotiations between Government and DIDG.

More: The Independent

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/B4vSeEOB3rNLugUMez75g8


Telegram Group: https://t.me/+E-dYp2NhsANlMGU0

Back to top

Write a Comment

Your email address will not be published.


Share Full Post

Nyaradzo logo

RSS Recent Profiles Created