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Dangote-backed fund buys Kenyan tour firm for Sh4bn
Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters in his office in Lagos, Nigeria on June 13, 2012.
A fund backed by Africa’s richest man, Aliko Dangote, has paid an estimated Sh4 billion to fully acquire one of Kenya’s oldest tour companies, marking its second major deal after buying restaurant chain Java House for an undisclosed amount.
Alterra Capital, a private equity firm with wealthy backers including Mr Dangote, has entered the East African tourism market through the full acquisition of Pollman’s Tours and Safaris Limited (Pollman’s).
