Canadian Firm To Upgrade Part Of Zimbabwe’s Railway – Report

A Canadian Firm through former South African President Kgalema Motlanthe approached the president whilst he was in Mozambique to negotiate a railway upgrade deal on behalf of a Canadian firm Ivanhoe Mines Limited, The Herald reports

This was revealed by President Mnangagwa when he spoke to journalist in Mozambique before he returned home. The president said:

He (Motlanthe) had a very interesting project. There is a company in the DRC and it’s a huge Canadian company which has investments in South Africa and also in the DRC.

They would want to modernise the railway line from DRC through Zambia, Zimbabwe and South Africa and this requires the cooperation of the four States.

Ivanhoe Mines’ bid is coming a few short months after diaspora investment group DIDG’s bid to recapitalise NRZ fell apart and the government ordering NRZ to retender the project.

More: The Herald

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