World Bank penalises Rift Valley Railways railways for corruption

Mombasa port workers view one of the three locomotive engines imported by Rift Valley Railways (RVR) on December 28. Part of the projects funded by the World Bank's International Finance Corporation included the purchase of locomotives by RVR. [File, Standard]

The World Bank has put sanctions on the defunct Rift Valley Railways (RVR) for corruption during the controversial Kenya-Uganda Railway concession agreement.

The move by the global lender comes following revelations of corrupt dealings in projects funded by the the World Bank’s private sector arm - the International Finance Corporation (IFC).