RVR, Kenya-Uganda Rail Operator, to Sign $164 Million Loan
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Rift Valley Railways Ltd., the operator of the Kenya-Uganda rail line, expects to sign a $164 million loan with seven lenders within four months, according to its biggest shareholder, Citadel Capital SAE.
The funds will be provided by six development-finance institutions and Equity Bank Ltd., Kenya’s biggest lender by market value, Karim Sadek, Citadel’s managing director in east, central and southern Africa, said in an interview today in Nairobi, the capital. Citadel is an Egyptian private equity company with $4 billion of assets.