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Why Rift Valley Railways is optimistic despite high-speed SGR track
Qalaa Holdings' managing partner for transport and logistics Karim Sadek. ILLUSTRATION | STANSLAUS MANTHI |
Egyptian equity fund, Qalaa Holdings (then Citadel Capital), took the East Africa’s mergers and acquisitions scene by storm when it bought South Africa’s Sheltam out of the Kenya-Uganda railway line in 2010.
The move was seen as unmatched appetite for risk, given the aging track’s notoriety for accidents and losses at the time.
