Biggest RVR investor confirms plans to sell stake as the new railway nears completion

Qalaa Holdings, the biggest investor in Rift Valley Railways is looking for a buyer of its 100 per cent stake as it races to exit the troubled railway before the launch of Kenya’s new railway line.

Qalaa Holdings confirmed Thursday that it was in talks with interested parties to sell 100 per cent of its stake in Rift Valley Railways. According to the statement in Arabic, the Egyptian firm said it will announce the outcome of the negotiations when completed but did not disclose how many investors have shown interest in the company and how much it is willing to sell its stake in the company.