Alterra Capital Partners has announced a strategic investment in ARP Africa Travel Group, partnering with the founding family to facilitate the company’s expansion throughout East Africa and beyond.
ARP Africa Travel Group operates several well-known brands, including Pollman’s Tours and Safaris Limited in Kenya, Ranger Safaris in Tanzania, and ARP Africa Travel in the United Kingdom. The company specializes in destination management services, focusing on providing exceptional travel experiences in East Africa.
Founded in 1978 in Tanzania, ARP Africa has established strong partnerships with travel agents in 50 countries across five continents, curating unique travel experiences for international visitors eager to explore the region’s rich culture and natural beauty.
Genevieve Sangudi, a Partner at Alterra Capital Partners, emphasized the strengths of ARP Africa, stating;
ARP Africa is a well-established business with a strong market presence, a highly capable management team, and excellent growth potential. We are thrilled to collaborate with the founding family, represented by Taqi and Zaheer Moledina, to support ARP’s expansion, create quality employment opportunities, and contribute to conservation efforts in East Africa.
Taqi Moledina, CEO of ARP Africa, expressed his enthusiasm for the partnership, noting;
We are eager to work with Alterra as we embark on the next phase of our growth. With Alterra’s expertise in scaling businesses across Africa, they are the perfect partner to help us seize new opportunities and shape the future of tourism in the region.
The investment transaction is currently pending regulatory approvals, and the financial terms of the deal have not been publicly disclosed. This collaboration is expected to enhance ARP Africa’s capabilities and reach, ultimately benefiting the tourism sector in East Africa while promoting sustainable practices and job creation in the region.
