Nigeria, Jan. 29 -- Alterra Africa Accelerator Fund, a private equity fund managed by Alterra Capital Partners, backed by Africa's wealthiest person, Aliko Dangote, is positioned to take the majority ownership of Java House, a Nairobi-based coffeehouse and restaurant chain.

Java House, which has changed hands three times in barely twelve years and was acquired for $100 million by Dubai-based Abraaj Group in 2017 before it was sold to the current owner Actis, runs 73 outlets in Kenya, Rwanda and Uganda.

The value of the deal is still kept under wraps.

Mr Dangote's biggest bet, a 650,000 barrel-per-day refinery built at $19 billion, started operations in the outskirts of Lagos last January.

The oil and cement magnate currently ranks 73r...