Wednesday, September 10, 2014

RVR secures Sh1.8bn to buy locomotives

NAIROBI, Kenya, Sept 10 – Rift Valley Railways has secured a Sh1.8 billion asset financing deal with Standard Bank of South Africa and CfC Stanbic Bank towards the acquisition of 20 locomotives from the United States of America. Standard Bank will provide Sh1.8 billion which is 80 percent of the price, while RVR will provide […]

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