Mutapa Fund tables NRZ turnaround strategy after decades of inactivity

THE Mutapa Investment Fund (MIF) has set out strategic plans to rejuvenate the National Railways of Zimbabwe (NRZ) after years of largely being inactive in transforming decades old challenges into opportunities.

This announcement was made during a ceremony celebrating the commissioning of three refurbished locomotives and 100 wagons, funded by a US$2.5 million investment from mining company ZIMASCO through a public-private partnership (PPP).

The refurbishment, conducted at NRZ’s Bulawayo mechanical workshops, is part of a government effort to foster stronger collaboration with the private sector and improve Zimbabwe’s railway transport infrastructure. ZIMASCO contributed around US$2.46 million, covering crucial spares and consumables needed for the overhaul.

MIF Chief Executive Officer, John Mangudya, urged organisations under his management to seek alternative funding sources to complement government efforts.