NRZ appoints new Chief Executive Officer
THE National Railways of Zimbabwe has appointed Munyaradzi Stephen Charangwa as the new substantive Chief Executive Officer (CEO) effective April 1, 2026. The national rail carrier announced the latest appointment in a statement issued this Saturday. “National Railways of Zimbabwe (NRZ) is pleased to announce the appointment of Mr. Munyaradzi Stephen Charangwa as its new […] The post NRZ appoints new Chief Executive Officer appeared first on NewZimbabwe.com.
Black News 
THE National Railways of Zimbabwe has appointed Munyaradzi Stephen Charangwa as the new substantive Chief Executive Officer (CEO) effective April 1, 2026.
The national rail carrier announced the latest appointment in a statement issued this Saturday.
“National Railways of Zimbabwe (NRZ) is pleased to announce the appointment of Mr. Munyaradzi Stephen Charangwa as its new Chief Executive Officer, effective April 1, 2026,” said the NRZ.
NRZ Board Chairperson Dr. Misheck Sibanda reportedly announced Charangwa’s appointment during a meeting with senior management in Bulawayo Wednesday.
“Mr. Charangwa brings over 20 years of global experience in multi-asset investment management, programme and project management, and 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, Middle East, and Central Asia,” the NRZ further said in the statement.
Previously, Charangwa served as Head of Investments at the Zimbabwe Investments Development Agency (ZIDA) and Old Mutual, and as Government Investment Advisor to NRZ and other state-owned enterprises.
Charangwa holds a BA (Hons.) Management from Leeds University, 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 is tasked with the mandate to ensure the recapitalisation and resource mobilisation for NRZ to secure modern infrastructure, rolling stock, and systems to improve reliability and customer service.
The new CEO is expected to lead a comprehensive review of NRZ operations, which includes eliminating inefficiencies, implementing rigorous cost-cutting measures, and safeguarding service quality and safety.
Also, among Charangwa’s briefs is to implement sound governance systems, uphold transparency, and deal with corruption decisively, as well as strictly adhere to statutory frameworks.
Mutapa Investment Fund Deputy Chief Investment Officer, Ernest Denhere, challenged Charangwa to turnaround NRZ fortunes, saying railway infrastructure is a strategic national and regional asset, central not only to Zimbabwe’s economic recovery but also to regional trade, in promoting north-south corridors, transit, logistics, and integration within southern Africa.
Meanwhile, Ainah Dube-Kaguru, who was acting as the general manager for the past one year, has been appointed as the Deputy CEO. She was NRZ substantive Chief Operations Officer since 2023.
The NRZ expressed confidence that the combined wealth of expertise and experience possessed by Charangwa and Dube-Kaguru will help to drive the company’s growth and transformation.
The post NRZ appoints new Chief Executive Officer appeared first on NewZimbabwe.com.
