{"id":648588,"date":"2017-04-06T03:53:27","date_gmt":"2017-04-06T03:53:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/"},"modified":"2017-04-06T03:53:27","modified_gmt":"2017-04-06T03:53:27","slug":"kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/","title":{"rendered":"Kenya terminates 25-year concession for Qalaa to operate RVR"},"content":{"rendered":"

The Kenyan government terminated Qalaa Holdings-owned Rift Valley Railways\u2019 25-year <\/strong>concession last Thursday<\/strong>, according to Kenya\u2019s Business Daily<\/a>. The validity of the termination notice was the subject of the ongoing suit before court, Qalaa reportedly said in a statement on Wednesday. \u201cShould a valid termination notice be issued, RVR shall have six months to cure any defaults found to have occurred in the concession,\u201d the firm is reported to have said, according to Kenya\u2019s the Standard<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Kenyan government terminated Qalaa Holdings-owned Rift Valley Railways\u2019 25-year concession last Thursday, according to Kenya\u2019s Business Daily. The validity of the termination notice was the subject of the ongoing suit before court, Qalaa reportedly said in a statement on Wednesday. \u201cShould a valid termination notice be issued, RVR shall have six months to cure […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9291],"tags":[2370,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648588","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"78ea2e55-08d5-448b-b11c-89f32506f09d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648548],"teaser":"","voice_url":""},"yoast_head":"\nKenya terminates 25-year concession for Qalaa to operate RVR - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya terminates 25-year concession for Qalaa to operate RVR\" \/>\n<meta property=\"og:description\" content=\"The Kenyan government terminated Qalaa Holdings-owned Rift Valley Railways\u2019 25-year concession last Thursday, according to Kenya\u2019s Business Daily. The validity of the termination notice was the subject of the ongoing suit before court, Qalaa reportedly said in a statement on Wednesday. \u201cShould a valid termination notice be issued, RVR shall have six months to cure […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-06T03:53:27+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kenya terminates 25-year concession for Qalaa to operate RVR\",\"datePublished\":\"2017-04-06T03:53:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/kenya-terminates-25-year-concession-for-qalaa-to-operate-rvr\/\",\"name\":\"Kenya terminates 25-year concession for Qalaa to operate RVR - 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Kenya\u2019s High Court ruled that \u201cthe concession agreement dated January 23, 2006 be and is hereby terminated today July 31,2017\u201d following a dispute over\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/8\/1105.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652293,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/qh-to-sell-100-of-rvr-sources\/","url_meta":{"origin":648588,"position":2},"title":"QH to sell 100% of RVR -sources","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"Qalaa selling its stake in RVR? Qalaa Holdings is reportedly looking to sell most or all of its stake in Ugandan-Kenyan venture Rift Valley Railways (RVR), Al Borsa says, citing unnamed officials. Rift Valley Railways has the exclusive right to run the Kenyan and Ugandan national railway for 25 years.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652375,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/qalaa-confirms-preliminary-talks-to-sell-rvr-says-nothing-is-concluded\/","url_meta":{"origin":648588,"position":3},"title":"Qalaa confirms preliminary talks to sell RVR, says nothing is concluded","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"M&A UPDATE- Qalaa confirms it is in talks to sell RVR. 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No official agreement or\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652054,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/qalaas-rvr-sale-faces-headwinds\/","url_meta":{"origin":648588,"position":4},"title":"Qalaa\u2019s RVR sale faces headwinds","author":"enterpriseam admin","date":"27 February 2017","format":false,"excerpt":"Qalaa Holdings reportedly has global bidders for its Rift Valley Railways (RVR) asset in Kenya and Uganda, including \u201cAmerica\u2019s Emerging Capital Markets and South Africa\u2019s giant logistics firm Transnet,\u201d Kenya\u2019s The Standard reports, but could face headwinds as the Kenyan government has made it clear that it will not compensate\u2026","rel":"","context":"In "ON YOUR WAY OUT"","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624318,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/qalaa-in-talks-to-increase-stake-in-erc-through-capital-increase\/","url_meta":{"origin":648588,"position":5},"title":"Qalaa in talks to increase stake in ERC through capital increase","author":"enterpriseam admin","date":"5 September 2018","format":false,"excerpt":"** #6 Qalaa Holdings is in talks to increase its stake in the Egyptian Refining Company (ERC) through a capital increase, Managing Director Hisham El Khazindar said yesterday. 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