IFC proposes co-investment in East African travel company
The co-investment will be made alongside the Alterra Africa Accelerator Fund.
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The International Finance Corporation (IFC) has disclosed a proposed equity co-investment of up to $10 million in Safari Holdings. The co-investment will be made through a Mauritius investment vehicle alongside the Alterra Africa Accelerator Fund.
Safari Holdings is the holding company that owns 100% of the shares in ARP Africa Travel, Pollman’s Tours & Safaris, and Ranger Safaris. These companies offer safari and tour services in Kenya and Tanzania.
The investment will be managed by Alterra Capital Partners, which announced its investment in the company earlier this year.
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