London arbitration tribunal orders Uganda to pay $138.93m to Rift Valley Railways Uganda over concession termination

According to ChimpReports, an international arbitration tribunal in London found that the Government of Uganda wrongfully terminated its railway concession with Rift Valley Railways Uganda Limited in 2016 by not following contractual procedures. The tribunal awarded about $138.93 million in damages with 8 percent annual interest, plus $1.27 million in costs, but rejected the claim for lost profits and upheld a small counterclaim in Uganda's favour.