Africa-Press – Zimbabwe. The National Railways of Zimbabwe (NRZ) Board Chairperson, Misheck Sibanda, has announced the appointment of Munyaradzi Stephen Charangwa as the company’s new Chief Executive Officer, effective from 1 April 2026.
Sibanda made the announcement during a meeting with senior management in Bulawayo on Wednesday.
According to the NRZ, Charangwa brings over 20 years of global experience in multi-asset investment management, programme and project management, as well as business turnaround strategies.
“His expertise spans infrastructure development, capital resource mobilisation, and business performance optimisation, with a focus on emerging markets and frontier markets in Africa, the Middle East, and Central Asia.
“Previously, Mr Charangwa served as Head of Investments at ZIDA and Old Mutual, and as Government Investment Advisor to NRZ and other state-owned enterprises,” NRZ said in an Easter Saturday statement.
Charangwa holds a BA (Hons) in Management from the University of Leeds, a Postgraduate Diploma in Business Project Management from the University of Huddersfield, and an MSc in Investment Analysis (with Distinction) from the University of Stirling.
He has been tasked with leading efforts to recapitalise the National Railways of Zimbabwe (NRZ) and mobilise resources to modernise infrastructure, rolling stock and systems, to improve reliability and customer service.
He is also expected to carry out a comprehensive review of NRZ’s operations, focusing on eliminating inefficiencies, implementing strict cost-control measures, and maintaining high standards of service quality and safety.
Board Chairperson Misheck Sibanda said Charangwa is expected to strengthen governance systems, uphold transparency, and deal decisively with corruption, while ensuring full compliance with statutory requirements.
Mutapa Investment Fund Deputy Chief Investment Officer Ernest Denhere challenged Charangwa to turn around the fortunes of NRZ, noting that railway infrastructure is a strategic national and regional asset.
He said the NRZ plays a key role in Zimbabwe’s economic recovery and in supporting regional trade, particularly along north–south corridors, as well as in transit, logistics and broader integration within southern Africa.
Meanwhile, Ainah Dube-Kaguru, who has been serving as acting General Manager for the past year, has been appointed Deputy CEO. She has been the substantive Chief Operations Officer since 2023.
NRZ said it is confident that the combined expertise and experience of Charangwa and Dube-Kaguru will help drive the company’s growth and transformation.
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