Cairo-based private equity and venture capital firm Qalaa Holdings says courts in Kenya favor the company’s rift valley railway concession termination, Invest-Gate reports.

The company adds it will transfer concession rights, assets, employees to Kenya railways within 30 days, according  to its statement.

The entire investment value in rift valley railway is already amortized and concession transfer will have no impact on the consol results, according to the company.