Zimbabwe National Railway Secures $5 Mln Dollar Loan
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Zimbabwe National Railway Secures $5 Mln Dollar Loan

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Added by Headlines Africa in Zimbabwe
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Zimbabwe's national Railway company has secured a 5 million dollar loan from a local bank to repair its ageing fleet, as it pursues a longer term investment to resuscitate operations. NRZ infrastructure, which includes the rail and locomotives, has deteriorated in the last two decades. The situation was made worse by a slump in economic activity that translated into low volumes for the rail transport.

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