{"id":652054,"date":"2017-02-27T04:19:45","date_gmt":"2017-02-27T04:19:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/qalaas-rvr-sale-faces-headwinds\/"},"modified":"2017-02-27T04:19:45","modified_gmt":"2017-02-27T04:19:45","slug":"qalaas-rvr-sale-faces-headwinds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/qalaas-rvr-sale-faces-headwinds\/","title":{"rendered":"Qalaa\u2019s RVR sale faces headwinds"},"content":{"rendered":"

Qalaa Holdings reportedly has global bidders for its Rift Valley Railways (RVR) asset in <\/strong>Kenya and Uganda<\/strong>, including \u201cAmerica\u2019s Emerging Capital Markets and South Africa\u2019s giant logistics firm Transnet,\u201d Kenya\u2019s The Standard<\/a> reports, but could face headwinds as the Kenyan government has made it clear that it will not compensate RVR for losing business to a new standard gauge rail system.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 RVR for losing business to […]<\/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":[9257],"tags":[72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652054","post","type-post","status-publish","format-standard","hentry","category-on-your-way-out","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c71e3056-6d0a-4d6f-a529-ed37c0cd1b9a","order":"0","is_powered_by":true,"section_story_id":"3c6cf245-9907-4be4-a55c-772633d58aea","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652005],"teaser":"","voice_url":""},"yoast_head":"\nQalaa\u2019s RVR sale faces headwinds - 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\/02\/27\/qalaas-rvr-sale-faces-headwinds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qalaa\u2019s RVR sale faces headwinds\" \/>\n<meta property=\"og:description\" content=\"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 RVR for losing business to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/qalaas-rvr-sale-faces-headwinds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-27T04:19:45+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\/02\/27\/qalaas-rvr-sale-faces-headwinds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/qalaas-rvr-sale-faces-headwinds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Qalaa\u2019s RVR sale faces headwinds\",\"datePublished\":\"2017-02-27T04:19:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/qalaas-rvr-sale-faces-headwinds\/\"},\"wordCount\":70,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\"],\"articleSection\":[\"ON YOUR WAY OUT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/qalaas-rvr-sale-faces-headwinds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/qalaas-rvr-sale-faces-headwinds\/\",\"name\":\"Qalaa\u2019s RVR sale faces headwinds - 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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\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"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":652054,"position":1},"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. Qalaa Holdings confirmed on Thursday \u201cthat preliminary negotiations are ongoing with several prospective local and international investors for the sale of its stake in Rift Valley Railways (RVR), the national railway of Kenya and Uganda. 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":648686,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/rvr-concession-agreement-termination-gets-stay-until-19-may-qh\/","url_meta":{"origin":652054,"position":2},"title":"RVR concession agreement termination gets stay until 19 May -QH","author":"enterpriseam admin","date":"9 April 2017","format":false,"excerpt":"Qalaa Holdings-owned Rift Valley Railways (RVR) said it obtained a court decision forcing a stay on the decision to terminate its concession rights to a court date of 19 May 2017, an EGX statement read. Qalaa Holdings says RVR is already classified as a non-cur\u00adrent asset held for sale and\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":652054,"position":3},"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":641989,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/qalaas-rvrs-contract-to-run-kenya-uganda-railway-terminated-court-orders\/","url_meta":{"origin":652054,"position":4},"title":"Qalaa\u2019s RVR\u2019s contract to run Kenya-Uganda railway terminated, court orders","author":"enterpriseam admin","date":"3 August 2017","format":false,"excerpt":"Kenya Railways has terminated Rift Valley Railways (RVR)\u2019s 25-year contract to run the Kenya-Uganda railway, Business Daily reports. RVR is controlled by investment company Qalaa Holdings. 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":570255,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/24\/ciaf-leasing-delays-egp-50-mn-sukuk-issuance-on-covid-19-headwinds\/","url_meta":{"origin":652054,"position":5},"title":"CIAF Leasing delays EGP 50 mn sukuk issuance on covid-19 headwinds","author":"enterpriseam admin","date":"24 March 2020","format":false,"excerpt":"Aviation leasing company CIAF has decided to postpone its EGP 50 mn sukuk issuance to 4Q2020 due to the current uncertainty caused by the covid-19 pandemic, the local press reported the company\u2019s chairman as saying. 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