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Egyptian firm raises stake in Rift Valley Railways buy-out deal

RVR’s Mombasa-Kampala-Juba-Cairo route offers competition to the proposed Lamu Port South Sudan Ethiopia Transport corridor. [PHOTO: FILE]

By MACHARIA KAMAU

NAIROBI, KENYA: Egyptian private equity firm Citadel Capital has completed a $530 million (Sh45.6 billion) purchase of additional shareholding in its subsidiaries in Africa including  Rift Valley Railways (RVR). 

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