×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Blow for RVR as suitor pulls out of sale talks

Rift Valley Railways head office in Nairobi. The firm is facing stiff competition in the wake of the completion of the standard gauge railway. [Photo: File/ Standard]

Rift Valley Railways (RVR) has lost a prospective buyer amid a controversial plan to prematurely terminate its 25-year concession contract to run the country’s railway service.

Emerging Capital Partners (EPC), a pan-African private equity firm, announced yesterday it had pulled out of negotiations to acquire the railway operations currently held by Egypt’s Qalaa Holdings.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in