Last week’s revelation that Emerging Capital Partners (ECP) group — long-awaited American investor in troubled railway concessionaire Rift Valley Railways (RVR) — had withdrawn its interest in the company was the biggest and most strategic investment flop in recent times.
That announcement blew up in smoke any hope of ever getting the Lunatic Express line back on course even as the clock ticks on the 90-day termination notice that the Kenya Railway Corporation, the supervisor of the concession, issued on March 31.
