Africa Railways is Qalaa Holdings’ subsidiary for investments in Africa’s railway sector. Africa Railways’ primary investment at present is a controlling stake in Rift Valley Railways (RVR), which holds a 25-year concession to operate 2,352 km of track linking the Indian Ocean port of Mombasa to the interiors of Kenya and Uganda, including the Ugandan capital of Kampala. In the first half of 2014, Africa Railways acquired an additional 34% stake in RVR from TransCentury Limited, a Nairobi-listed infrastructure company, bringing its total holding in RVR to 85% reflecting a solid commitment to the continued development of this vital transportation route.

For the past four years, Qalaa Holdings has been working with the RVR management and its local partners to implement a three-point turnaround program with investments of USD 305 million. In the 48 months since the start of the turnaround program, Africa Railways has invested in modern rail operating technology, rebuilding infrastructure, expanding haulage capacity and developing modern rail operating skills of its 2,400-strong workforce. RVR has completed the rehabilitation of the most damaged sections of the railway track between Mombasa and Nairobi and rehabilitated and reopened the 500 km railway from Tororo to Gulu in Northern Uganda after a 20-year hiatus. Installation of satellite tracking and GPS-based technology on all trains helped cut cargo transit times between Mombasa and Nairobi by six hours.