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.
Nation, 18 April 2017
An American firm that was 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… Read more »
Locomotive engines at an RVR yard in Mombasa in September 2014 (file photo).
East African, 15 April 2017
Uncertainty surrounding the future of the Kenya-Uganda Railway concession has claimed its first casualty, with a private equity firm pulling out of a deal to acquire the operator… Read more »
Rift Valley Railways has been served with contract termination papers by Kenya Railways over failure to pay concession fees, and now has a 90-day window to seek capital to put its ... Read more »
The Ministry of Works and Transport have reportedly indicated that the country is backing Kenya's position to terminate the concession to operate the meter-gauge railway. Read more »