SGR contract challenged in Nairobi
NewsThe Kenyan Court of Appeal has ruled that the contract to build the high profile standard gauge railway (SGR) was awarded illegally
A deal to restructure troubled Rift Valley Railways (RVR), which operates freight and most passenger rail services in Kenya and Uganda, has finally been completed.
Egyptian firm Citadel Capital has taken a 51% controlling stake in RVR via its Ambiance Ventures subsidiary. The remaining equity is held by Trans-Century Ltd of Kenya (34%) and Uganda’s Bomi Holdings Ltd (15%).
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This complete item is approximately 250 words in length, and appeared in the September 2010 issue of WorldCargo News, on page 13. To access this issue download the PDF here.
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