Alico Dangote, the wealthiest man in Africa, travel to Africa, bought tours and safaris from Kenya's oldest tourist company, Paulman, in a move to revitalize the country's tourism sector. The acquisition was approved by Kenya's Competition Bureau, and the deal said it did not raise a red flag regarding market competition. The agency also assured industry players that the move would not lead to unemployment as the sector is so regulated. The acquisition was launched by Alterra Capital Partners, a private equity fund co-owned by Dangote, who also keeps eye on top of Kenya's top coffee chain Java House, and US billionaire David Rubenstein. The move highlights the growing foreign interest in Kenya's rapid economy, which continues to expand in 2025 thanks to digital transformation, lower inflation and supportive monetary policy.
kenyans.co.ke
