Indonesian Firm Expresses Interest To Partner NRZ
25 September 2021

By A Correspondent- An Indonesian official has reiterated the Southeast Asian country’s interest to secure deals in Zimbabwe’s various economic sectors such as pharmaceuticals, rubber and the railways.

A representative of the Indonesian embassy in Zimbabwe, Rahma Mardina, told the Zimbabwe International Trade Fair (ZITF) special bulletin of her country’s interests:

We are interested in the transportation field by proposing the revitalisation of the railroad with NRZ to fulfil the market needs in Zimbabwe, especially and or regional market as a whole. On our part, we also have a range of products for Zimbabwe.

These include rubber, coffee, pharmaceutical products, palm sugar, red brick machines, transportation aircraft, electric motors with friendly energy, locomotives, concrete and solar panels.

In 2019, Indonesia Ambassador to Zimbabwe, Juniarta Sastrawan, said that his country, through the Indonesia International Economic Co-operation Programme, intends to capacitate the National Railways of Zimbabwe (NRZ) by finding investors from all over the world for the parastatal.

NRZ, which recently signed a memorandum of understanding with a Turkish construction firm Yapi Merkezi, is struggling to keep afloat due to out-of-date equipment, among other challenges.

The NRZ requires about US$1.9 billion to rehabilitate its track, acquire locomotives, wagons and upgrade information communication technology to enable the parastatal to increase freight volumes.

In 2019, the government cancelled a US$400 million NRZ recapitalisation programme signed two years ago with the Diaspora Infrastructure Development Group after the group reportedly “failed” to comply with contractual timelines.