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*Diasporans Group Raises US$400 Million For NRZ Revival* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?uz The Diaspora Infrastructure Development Group (DIDG) said that it has been able to raise US$400 million for the recapitalisation of the National Railway of Zimbabwe (NRZ). The DIDG also revealed that it is ready to implement the project and has appointed the African Export-Import Bank (Afreximbank) as its Mandated Lead Arranger for the NRZ US$400 million recapitalisation project. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- In a letter addressed to the NRZ Board Chairman, Advocate Martin Dinha, DIDG executive chairman Donovan Chimhandamba, said: > Following the extension of the framework agreement by the Government of Zimbabwe by a further six months from February 15 2019, we are pleased to confirm that as the Diaspora Infrastructure Development Group, we have raised the required US$400 million funding for the NRZ Recapitalisation Project, including an additional US$20 million to address start-up and working capital requirements of the Joint Venture Concession Company. > We also confirm that as DIDG, we have our shareholder approvals and we are ready to proceed with the implementation of the project. > We are also pleased to inform you that as DIDG, we have appointed the African Export-Import Bank (Afreximbank) as our Mandated Lead Arranger for the NRZ US$400 million recapitalisation project. 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 Sunday Mail* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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