Botswana based multi-national ecotourism company Wilderness Safaris, operating nearly 40 luxury safari camps across eight African countries, has raised US$35 million bilateral loan for the purchase of a new ecotourism company in Kenya and for further expansion across Africa.
Keith Vincent, the Chief Executive at the Wilderness Safaris said ‘in addition to reinvestment into flagship properties in Botswana and Namibia, the proceeds of this loan will be used for expansion across African markets such as Kenya and Rwanda.”
He said the new development is in line with the company’s strategic vision, which is to invest in African tourism markets which offer authentic wildlife and safari experiences.
Leina Gabaraane, the managing director at Stanbic Bank Botswana said the Bank’s footprint across Africa provided Wilderness Safaris with regional and local expertise in the countries in which they operate, as well as countries targeted for expansion. Wilderness Safaris is dual-listed with its primary listing in Botswana and secondary listing in Johannesburg.