Zimbabwe seeks $115 million Afreximbank loan to revive struggling railway

Zimbabwe is seeking a $115 million loan from the African Export-Import Bank (Afreximbank) to revive its struggling state railway and increase freight capacity as the country’s mining industry expands.

Zimbabwe is negotiating a $115 million Afreximbank facility to acquire locomotives and wagons for its state railway.

Zimbabwe is seeking $115 million from Afreximbank to revive its railway.

NRZ plans to buy 10 locomotives and 315 wagons.

The railway’s freight volumes have fallen sharply to 2 million tonnes.

The upgrade could support growing lithium, chrome and mineral exports.