SafariCo

pending

The SafariCo group (“SafariCo” or “the group”) is a leading diversified East African safari operator, managing 23 lodges under the brands Elewana Collection, Explorer by Elewana, and Sopa Lodges. These lodges, totaling 844-keys, are located within key strategic national parks, conservancies, and reserves in Kenya and Tanzania. The group also operates Cheli & Peacock Safaris, a destination management company, and SkySafari, which offers bespoke safaris by air. The group’s Land & Life Foundation oversees the group’s conservation, environmental, social and sustainability initiatives.IFC’s proposed loan of US$ 50 million will be used to finance the further development of the group’s Explorer brand, and more specifically, the expansion and refurbishment of existing Sopa lodges in Tanzania including: (i) Ngorongoro Explorer and an extension N20, for not more than 110 rooms located within the Ngorongoro Conservation Area (respectively “NXR” and “N20”) and (ii) Serengeti Explorer, located within the Serengeti National Park, with 74 rooms (“SXR”) (together jointly “the project”).