Rendeavour recognised for contributions to GES 2015
Rendeavour, Africa’s largest urban land developer, was recognised by the Global Entrepreneurship Network (GEN) and a consortium of entrepreneurship leaders for its support for the Global Entrepreneurship Summit (GES). Rendeavour joined firms like Google, IBM and GE as a sponsor of GES, an innovative program launched by the U.S. government to advance entrepreneurship worldwide.
“We are proud to have played an integral role in supporting GES,” said Frank Mosier, Rendeavour’s lead American investor. “The GES highlighted how important U.S. investment is, and can be, in Africa. At Rendeavour, we aim to focus on entrepreneurship in Africa and increase U.S. investment in our visionary urban developments.”
Rendeavour’s flagship project in Kenya is Tatu City, a mixed-use development that will create tens of thousands of jobs during its 20-year, phased development, eventually housing 70,000 residents upon completion. As a top U.S. firm investing in Africa, Rendeavour will generate approximately 700,000 permanent and 1.5 million temporary jobs during its ongoing and future projects across the continent.
A top-level sponsor for the GES, held in Nairobi, Kenya, on July 25 and 26, Rendeavour’s booth was visited by hundreds of people from across Africa, ranging from buyers to developers. The company also held high-level meetings with the U.S. government on how to attract more American developers and service providers to Rendeavour projects, which are located in Kenya, Nigeria, Ghana, Zambia and the Democratic Republic of Congo.
Rendeavour sponsors GES 2015
Rendeavour, Africa’s largest urban land developer, announced today its support for the Global Entrepreneurship Summit (GES), which will feature US President Barack Obama and will be held in Nairobi on 25-26 July. The GES will take place just a short distance from Tatu City, Rendeavour’s flagship project to bring affordable, middle-class housing and jobs in a mixed-use planned community on the outskirts of the Kenyan capital.
“The African entrepreneurs represented by the GES are the future residents of Tatu City and Rendeavour’s other development projects around the continent,” said Frank Mosier, Rendeavour’s lead American investor. “As an American investor in Africa, I am pleased to see the US government recognize Africa’s growing middle class and entrepreneurial drive. It’s in that spirit that we are proud to be an official sponsor of the GES.”
In addition to Rendeavour’s commitment as a top-level sponsor alongside the likes of Google, Coca-Cola and Ernst & Young, the company will participate in the GES’ Women + Youth day – a high-level conversation about mobilizing this significant demographic in the developing world. Rendeavour also will serve as an adviser to participating African entrepreneurs on matters related to financing entrepreneurship, and attracting venture capital and private equity, as well as how best to address challenges in entrepreneurship.
Rendeavour’s participation in GES comes on the heels of the company’s construction kickoff of Tatu City’s first residential phase, Kijani Ridge, a major investment milestone in Kenya. An event marking the occasion last Saturday was attended by Kenya’s Cabinet Secretary for Foreign Affairs and International Trade Amina Mohamed, US Ambassador to Kenya Robert Godec and Kiambu County Governor William Kabogo. When completed, Tatu City will be home to more than 70,000 residents and 30,000 day visitors; it will create tens of thousands of jobs during its 20-year, phased development.
In addition to Kenya, Rendeavour is actively developing mixed-income, mixed-use properties in Nigeria, Ghana, Zambia and the Democratic Republic of Congo. As one of the top foreign investors in Africa, Rendeavour and its partners are making $1.8 billion in investments to develop more than 30,000 acres of land outside seven major cities. All told, 490,000 primarily middle-income Africans (homes starting at $25,000) will live in those developments, which will also host 210,000 visitors daily. Hundreds of thousands of permanent and temporary jobs – many of them going to entrepreneurs – will be created over the project lifetimes.
Tatu City kicks off first residential development
Cabinet Secretary for Foreign Affairs and International Trade Amina Mohamed, U.S. Ambassador to Kenya Robert Godec and Kiambu County Governor William Kabogo commend American investment
Tatu City, the mixed-use, mixed-income urban development near Nairobi, has launched construction of its first residential phase, Kijani Ridge, marking a major investment milestone in Kenya.
An event marking the occasion was attended by Kenya’s Cabinet Secretary for Foreign Affairs and International Trade Amina Mohamed, Kiambu County Governor William Kabogo and U.S. Ambassador to Kenya Robert Godec.
A sales drive, assisted by lead Agent Nancy Muthoni founder of the Property Show Kenya, held in parallel to the ceremony and attracted over 100 buyers to Kijani Ridge, located above a reservoir on Tatu City’s rolling green hills. Tatu City will be home to more than 70,000 residents and 30,000 day visitors and create tens of thousands of jobs during its 20-year, phased development.
“We are pleased to bring American and other international capital to Kenya and Tatu City, a revolutionary urban development that eases the burdens of urbanization on Nairobi and creates unique living and business opportunities for families and companies in Kenya’s growing economy,” said Frank Mosier, the lead American investor in Tatu City and Rendeavour, the project owner.
Speaking at ceremony, Cabinet Secretary Mohamed said, “We as a government are about attracting investment, creating jobs, creating opportunities and, of course, creating wealth. So for us, Tatu City is a showcase of the investment Kenya can really attract into the country.”
Commending Rendeavour and Tatu City’s investment, Ambassador Godec said the U.S. government is “proud that Tatu City has the backing of American investors … and the investment scale is really quite extraordinary when you look at it – $100 million, that’s Ksh10 billion, and that’s just to start. I think it is also particularly auspicious and important that this ground-breaking is occurring just a few days before the visit of President Barak Obama to Kenya, and of course the Global Entrepreneurship Summit,” he said, referring to the U.S.-backed initiative which will hold its annual event in Nairobi on 25-26 July.
Governor William Kabogo highlighted Kiambu County as an investment destination for Kenyan and foreign investors. “It is my expectation that [Tatu City] will serve to showcase my government’s commitment to well-planned and controlled development. If you are looking to invest in this sector, Kiambu County is the place to be – the place to grow, work and live in,” he said.
Rendeavour, Tatu City’s owner, is Africa’s largest urban land developer, with visionary projects in Kenya, Nigeria, Ghana, Zambia and Democratic Republic of Congo.
City of Light and Community come together for clean up
The City of Light project team joined the Appolonia Community to embark on a clean-up exercise to mark the National Sanitation Day.
The day began with the team paying a courtesy call on the Chief of Appolonia, Nii Nuertey Amobi II and his elders at the palace. Following this, the team presented a range of tools to the community to support their efforts of keeping the environment clean. The day was climaxed with a community forum which was led by the City of Light project team to discuss the partnership they have with the Appolonia community on the project.
Community members were given the opportunity to ask questions following updates about the project presented by the project team in order to help them to better understand the project and its benefits. The event was well attended and was accompanied with drumming and dancing throughout the day.
About National Sanitation Day
The first Saturday of every month is earmarked National Sanitation Day across Ghana. First declared on November 1st, 2014 by the Government of Ghana in response to the 2014 Ghanaian cholera outbreak, the day is a voluntary clean-up exercise for all Ghanaian residents in an effort to reduce unsanitary conditions that breed diseases and cause injuries. The National Sanitation Day (NSD) is an initiative by the Ministry of Local Government and Rural Development. A bill has recently been sent to parliament by the ministry, the bill if approved will give legal backing to the NSD program allowing it to prosecute individuals who refuse to take part in the program