The National Railways of Zimbabwe (NRZ) has appointed a seasoned executive, Munyaradzi Stephen Charangwa, as its new Chief Executive Officer, effective April 1, 2026. Charangwa brings a wealth of experience in investment, infrastructure, and strategy to the role, having previously served as Head of Investments at ZIDA and Old Mutual.
His mandate is clear: modernize rail infrastructure, improve rolling stock, drive efficiency and cost control, and strengthen service delivery. This appointment marks a significant shift towards a modern executive leadership model, aiming to reposition NRZ for growth and improved service delivery.
Charangwa’s expertise spans infrastructure development, capital resource mobilization, and business performance optimization, with a focus on emerging markets in Africa, the Middle East, and Central Asia. He 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.
Ainah Dube-Kaguru, Deputy CEO
NRZ Board Chairperson Dr. Misheck Sibanda emphasized that Charangwa’s immediate priority is to mobilize capital, modernize infrastructure, and restore public confidence. Ainah Dube-Kaguru, previously acting General Manager, has been appointed Deputy CEO, reinforcing the new executive leadership structure.
This appointment is part of Zimbabwe’s efforts to revitalize its state-owned enterprises, with NRZ being one of nearly 30 entities transferred to the Mutapa Investment Fund to unlock value and improve performance.
