A Squared Holding AG, a Swiss investment firm, intends to acquire sole control of Nawiri Group Limited, a Mauritius-based holding company managing Tanzanian safari and lodge operations.

The Fair Competition Commission (FCC) has initiated a 14-day public comment period to assess the transaction's impact on Tanzania's tourism market competition.

Nawiri Group oversees entities operating around 15 safari camps and lodges across Tanzania, including high-end lodges in Serengeti, Ngorongoro, and Zanzibar.The FCC invites stakeholders to submit feedback on potential competition effects, with submissions due within 14 days.The deal's value remains undisclosed, but regulatory scrutiny highlights concerns about market dominance in tourism.This acquisition underscores growing foreign investment in Tanzania's tourism sector, balancing economic growth with regulatory oversight.