Standoff looms over US$400m NRZ deal

TINASHE MAKICHI A standoff looms over the US$400m recapitalisation of the National Railways of Zimbabwe (NRZ) after a consortium of investors rebuffed plans by the government to reopen the tender, Business Times can report. The turnaround of NRZ has been one of the issues on the government’s priority list after local companies became highly uncompetitive…