Nigerian business mogul and Africa’s richest man, Aliko Dangote, alongside fellow billionaire David Rubenstein, have made a push into the Kenyan tourism industry with the acquisition of Pollman’s Tours and Safaris.

Alterra Capital, a private equity firm backed by American billionaire Dave Rubenstein and Aliko Dangote, made an investment in ARP Africa Travel Group, the company that runs Pollman's, in February.

The firm, in an attempt to tap into one of Kenya’s largest sectors, tourism, recently decided to purchase Kenya’s oldest tour company, Pollman’s Tours and Safaris.

“With regard to the proposed transaction, post-merger, the market share of the merged entity will not change as the target and the acquirer are not in similar business and therefore the structure and concentration of the markets for tour operators in Kenya will not be affected,” the regulator said in a statement.