Simba Corp has acquired a 35% stake in Hemingways Holdings Limited. The transaction was driven by Simba’s intention to grow its interests in the hospitality sector. It currently has three properties i.e. The Olare Mara, Villa Rosa and Acacia Premier Kisumu.
Hemingways owns and operates Hemingways Watamu, Ol Seki Hemingways Mara and Hemingways Nairobi. The Simba transaction also includes Express Travel Group, a subsidiary of Hemingways, that provides travel management services through its international franchise partnerships with American Express Global Business Travel and Europcar International as well as through Hemingways Expeditions.
Simba Corp, which was founded in 1948, is a leading regional corporation with diversified interests in automotive and power distribution, services and solutions, as well as in real estate and hospitality. Following completion of the acquisition, Simba will have representation on the Hemingways Holdings board.