Uganda: Citadel to Control Rift Valley Railways

Kampala — The shareholders in the Rift Valley Railway (RVR) consortium have agreed to re-structure by mid-April. The move will see Egyptian equity firm, Citadel Capital, become the majority shareholder.

RVR shareholding is composed of Citadel Capital, TransCentury, Mirambo Holdings, Prime Fuels, Austrialia's Babcock and Brown, plus a Ugandan investor. The consortium was contracted by the Kenyan and Ugandan governments to manage their railways in 2005.

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