RVR owner considers strategic options to raise investment capital

Kenya: Pan African infrastructure and industry investment company Qalaa Holdings, the majority investors in Rift Valley Railways (RVR) - the Kenya-Uganda railway concessionaire - is looking at different alternatives to increase liquidity for its investment financing.

The Egypt-based firm said this as it announced it had appointed a top financial strategy adviser in the market, to advise on the full exit of Tanmeyah for Microfinance Services, one of its portfolio companies in which Qalaa holds a 70 per cent stake. Tanmayeh is the largest private micro-finance firm in Egypt.