We won't compensate RVR for losing business to SGR, State insists

Mounir Abdel Nour, Egypt’s minister for trade and industry, operates a train simulator under the instruction of Jacob Nguli during a visit to Rift Valley Railways (RVR). Egyptian investment firm Qalaa Holdings is the majority shareholder in RVR. [Photo: File/standard]

Kenya does not intend to compensate an Egyptian firm for a loss of business that could arise once the Standard Gauge Railway line begins operations.

This is a position that could hurt Qalaa Holdings, the firm that won a 25-year concession to run the century-old railway until 2031. The company has already claimed a right to seek compensation.