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TransCentury sells Rift Valley Railways stake to Egypt’s Citadel

Reuters – Kenya’s TransCentury said on Tuesday that it has sold its 34% stake in Rift Valley Railways (RVR) to Egyptian private equity firm Citadel Capital. Citadel said it bought the shares for $37.8m, raising its stake to 85%. Uganda’s Bomi Holdings owns the rest. RVR, operator of the sole rail line linking Kenya’s Indian …

Daily News Egypt

Egypt’s railways: past, present and future?

Egypt has a long history of railway accidents. Over the past 20 years more than 1,500 people have lost their lives to train collisions and derailments. The disastrous situation of the railway system continued since the 25 January uprisings with new victims. The Daily News Egypt explores the reasons for the recurring accidents and speaks to top managers from the Egyptian National Railways and workers close to the problems.

Sarah El Masry

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