World Bank Blacklist Threat Cost Rift Valley Railways an Investor

An American firm negotiating to buy Rift Valley Railways from Egypt's Qalaa Holdings withdrew its interest in the deal after the World Bank signalled its intention to blacklist the rail firm over massive corruption revealed in an audit report last year.

Photo: The Nation

Locomotive engines at an RVR yard in Mombasa in September 2014 (file photo).


See What Everyone is Watching