• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home Market Reports

Qalaa Holding Inc to sell its Rift Valley Railways stake

9th January 2017
in Market Reports, Railway
0
SHARES
21
VIEWS
Share on FacebookShare on Twitter

Qalaa Holdings , an African leader in energy and infrastructure, confirms that 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 offer has been reached as of yet, and Qalaa will continue to communicate further information in due course as negotiations advance.

The decision to divest from RVR comes in the wake of management’s conclusion that additional capital is required to complete the company’s transformation program, which has already yielded positive results on RVR’s operational performance. Until such time a sale agreement is reached, Qalaa will continue to provide operational and managerial support to RVR, all while pushing ahead with the railway’s three-point turnaround strategy.


Qalaa’s indirect ownership in RVR stands at 73.76% and the company has been classified as a discontinued operation on Qalaa’s financial statements since 1Q2016.


Qalaa Holdings is an African leader in energy and infrastructure. Formerly known as Citadel Capital, Qalaa Holdings controls subsidiaries in industries including Energy, Cement, Agrifoods, Transportation & Logistics, and Mining. To learn more, please visit www.qalaaholdings.com

 

For more information, please contact:
Ms. Ghada Hammouda
CMO & Head of Marketing Communications
Qalaa Holdings


ghammouda@qalaaholdings.com
Tel: +20 2 2791-4439
Fax: +20 22 791-4448
Mobile: +20 106 662-0002

Previous Post

Gulf Navigation Holding and Polimar Turkish Holding establish a partnership

Next Post

French Government commits to fully digital road transport operations with e-CMR

Related Posts

Wales to leverage new technologies to maintain rail services in autumn
News

Varamis launches fully-electric freight train for logistics services in UK

26th January 2023
High-Speed Railways

RB Rail, CPK and SZCZ sign MoU on high-speed rail cooperation

26th January 2023
Hexagon unveils security and surveillance portfolio for rail operations
News

BNSF Railway unveils $3.96bn 2023 capital investment plan

26th January 2023
News

Cambodia to spend $4bn in Phnom Penh-Poipet rail overhaul

26th January 2023
Alstom to supply new signalling system and additional trains for line 1 of Turin Metro
Metros

RATP Dev awarded contract for Belgrade’s automated metro system

26th January 2023
Siemens Mobility to explore solar energy in powering the UK's railway
Press Statements

Siemens Mobility to explore solar energy in powering the UK’s railway

10th January 2023
Next Post

French Government commits to fully digital road transport operations with e-CMR

Latest Post

Ethiopian Cargo highlights its readiness for vaccine distribution
Airways

Etihad Cargo bolsters its global customer service centre operations

26th January 2023
Ethiopian Cargo highlights its readiness for vaccine distribution
Airways

Ethiopian Ramps up Cargo Investment for African E-commerce Hub

26th January 2023
No Increase In The Air Cargo Demand Post Holiday Season
Airways

WFS cargo fast tracks sustainability in Spain

26th January 2023
American Airlines Welcomes Its Newest Aircraft to the Fleet
Airways

American Airlines Cargo teams up with Airlink for Haiti aid flight

26th January 2023
No Increase In The Air Cargo Demand Post Holiday Season
Airways

No Increase In The Air Cargo Demand Post Holiday Season

19th January 2023
Cathay Pacific Cargo is first Asian carrier to offer Envirotainer Releye RLP container
Airways

Cathay Pacific welcomes quarantine-free travel and will more than double its flights to the Chinese Mainland

10th January 2023
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.