Deloitte and Touche appointed NRZ transaction advisor

DELOITTE and Touche Zimbabwe, a member of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private limited company has been appointed as a transaction adviser of the ailing National Railways of Zimbabwe (NRZ).

The parastatal is facing critical infrastructure and operational challenges with the company’s general manager Lewis Mukwada last week saying the company needed new locomotives to replace its ageing fleet.

The Deloitte and Touche’s appointment was revealed by Transport and Infrastructural Development minister Jorum Gumbo on Friday during the commissioning of 31 open top high sided prototype wagons which the company acquired at a cost of $2,9 million from China.

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