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Kenya: Looming World Bank Blacklist Costs Rift Valley Railways US Suitor
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 »
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.
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Uganda: Blow to Rift Valley Railways As Investor Pulls Out of 'Takeover Talks'
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 »
InFocus
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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 »
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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 »
