Aliko Dangote buys Kenyan company for KSh4 billion
Aliko Dangote’s Africa Travel Investments has acquired 100% of Pollman’s Tours and Safaris, Kenya’s oldest tour operator
Aliko Dangote’s Africa Travel Investments has acquired 100% of Pollman’s Tours and Safaris, Kenya’s oldest tour operator, in a landmark deal signaling rising investor confidence in Kenya’s tourism sector.
This acquisition marks Dangote’s strategic entry into East Africa’s tourism market, with plans to boost Pollman’s capacity, enhance service delivery, and expand regional tourism networks.
The deal, approved unconditionally by Kenya’s Competition Authority, is expected to create new opportunities for growth without impacting the competitive landscape or leading to job losses.
Pollman’s, established in the 1950s, is renowned for its high-quality safari experiences and has received multiple accolades, including being named Kenya’s Leading Destination Management Company at the World Travel Awards.
Dangote, a Nigerian and Africa’s richest man with an estimated net worth of over $23.8 billion, is diversifying his portfolio through Alterra Capital, a private equity firm backed by him and American investor David Rubenstein.
This investment reflects Dangote’s vision for growth in Africa’s tourism industry.
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Aliko Dangote’s investments in Africa are diverse, with a focus on industries like cement, sugar, and petroleum.
Through Alterra Capital, he has invested in various sectors, including tourism. Dangote’s portfolio includes.
- Cement Production : Dangote Cement is a leading player in Africa, with operations in 10 countries, including Nigeria, Ghana, and South Africa.
- Sugar Refining : Dangote Sugar Refinery has projects in Nigeria and Ghana, aiming to reduce sugar imports and boost local production.
- Petroleum : The Dangote Refinery in Nigeria is a significant investment, with exports to countries like Turkey and Saudi Arabia.
As for Pollman’s Tours and Safaris, the company is expected to expand its operations and enhance customer experiences under Africa Travel Investments.
The Plans include expansion into new markets, targeting new source markets and destinations to increase tourism revenue.
It also plans to heavily invest in technology to improve customer experiences and operational efficiency.
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