Africa Travels Investment, a company backed by Africa’s wealthiest individual, Aliko Dangote, has recently made a significant acquisition in Kenya’s tourism sector. The company has successfully acquired Pollman’s Tours and Safaris, which is considered to be the oldest tourism company in the country. This strategic move is expected to bring new energy to Kenya’s tourism industry, attracting more visitors and boosting the sector’s growth.
The acquisition of Pollman’s Tours and Safaris was met with approval from Kenya’s Competition Authority, which conducted a thorough review and found no concerns related to market competition. Additionally, the regulatory body reassured industry stakeholders that the acquisition would not result in job losses, as the tourism sector is heavily regulated to protect the interests of employees.
This acquisition was facilitated by Alterra Capital Partners, a private equity fund co-owned by Aliko Dangote and American billionaire David Rubenstein. In addition to acquiring Pollman’s Tours and Safaris, Alterra Capital Partners is also considering a potential investment in Java House, one of Kenya’s leading coffee chains. This move underscores the increasing interest from foreign investors in Kenya’s rapidly growing economy.
According to the African Development Bank, Kenya’s economy is expected to continue expanding until 2025, driven by factors such as digital transformation, declining inflation rates, and favorable monetary policies. The country’s economic outlook remains positive, making it an attractive destination for investment and business opportunities.
Overall, the acquisition of Pollman’s Tours and Safaris by Africa Travels Investment marks a significant milestone in the development of Kenya’s tourism sector. With the support of Aliko Dangote and Alterra Capital Partners, the company is poised to drive innovation, improve services, and enhance the overall tourist experience in the country.
For more information, you can visit the original article from Kenyans.co.ke.
