- Had Citadel failed to raise the money to pay for TransCentury’s 34 per cent stake in RVR within the specified period, it would have been edged out of RVR. It was therefore make or break for the Egyptians.
- For TransCentury it was an opportune moment to strike, take control of RVR and perhaps bring in partners with less political baggage than the Egyptians.
- In a meeting with Kenya’s Cabinet Secretary for Transport and Infrastructure, Michael Kamau, international lenders first indicated to the government in Kenya that they would stand by Citadel. The tide had turned.