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Egyptian firm looks for buyers for 85pc stake in Rift Valley Railways

Barely two years after Kenyan equity firm TransCentury exited the Kenya-Uganda railway concessionaire Rift Valley Railways, the firm is again on the verge of a major change in shareholding, with reports indicating that Egyptian majority shareholder Qalaa Holdings is looking for buyers. FILE PHOTO | NATION MEDIA GROUP

Barely two years after Kenyan equity firm TransCentury exited the Kenya-Uganda railway concessionaire Rift Valley Railways, the firm is again on the verge of a major change in shareholding, with reports indicating that Egyptian majority shareholder Qalaa Holdings is looking for buyers.

Qalaa is talking to several suitors with a view of selling either part or its entire 85 per cent stake in the concession that still has 17 years to go.

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