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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.
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