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IFC eyes Sh1.3bn equity investment in Pollman’s owner
An elephant passes in front of a tourist van in Maasai Mara game reserve. IFC plans a $10 million equity investment in Safari Holdings to boost tour operations across Kenya and Tanzania.
The International Finance Corporation (IFC) is proposing to make an equity investment of $10 million (Sh1.29 billion) in Safari Holdings, the parent firm of ARP Africa Travel, Pollman’s Tours & Safaris, and Tanzanian tour company Ranger Safaris.
In a disclosure published on Wednesday, IFC – a member of the World Bank Group – said it would be making the investment alongside a Mauritian firm known as Alterra Africa Accelerator Fund, which will also manage the co-investment.
