RVR Shareholding Sale Dispute

Troubled Kenya-Uganda railway concessionaire rift valley railways has seen its fair share of controversy; -- and it seems, that is not just about to end. A fresh row is brewing over control of the company, pitting well-connected local investment company, Transcentury, against an Egyptian investment firm, citadel capital. Transcentury is accusing RVR majority shareholder Sheltam of South Africa of hawking the concession to the highest bidder.