Global alternative asset manager, the Carlyle Group (NASDAQ: CG), has announced its investment of $40 million in Wakanow.com Limited (Wakanow).
Wakanow is an online travel agency focused on West and East Africa, with major operations in Nigeria. Other equity from Carlyle’s Sub-Saharan Africa fund and further financial details were, however, not disclosed.
Founded in 2009 in Nigeria, Wakanow is one of West Africa’s largest full-service online travel companies, providing its customers with a one-stop online booking portal for flights, hotels, holiday packages, and other travel services and ancillaries.
Complementing their online offering, Wakanow also operates a network of traditional brick-and mortar travel centres and has operations in Nigeria, Ghana, Kenya, the United Arab Emirate (UAE) and the United Kingdom.
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