Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

Tatu City Partners with Konza to Attract Investors to Kenya

NAIROBI, Kenya, Jan 18– Tatu City’s owner and developer, Rendeavour, will collaborate with Konza Technopolis to attract investors to Kenya, Rendeavour’s Executive Vice President Preston Mendenhall and KoTDA’s Chief Executive Officer John Tanui have jointly announced.

This comes at a time when the country is seeking to bounce back from the impact of the COVID-19 pandemic that has increased uncertainty around investment opportunities.

The collaboration will focus on building both mega-projects’ investment policies and positioning the two cities at vantage positions for both local and international investors.

Speaking during a courtesy call to Konza Technopolis, Mendenhall said, “We are excited as Tatu City to be visiting Konza today. As sister cities with a common goal of easing the burden of urbanization in Kenya and also promoting investment in Kenya, we shall be working together in creating these opportunities.”

Speaking to the specific areas of partnership,  Mendenhall said that Tatu City and Konza, as Special Economic Zones (SEZ), had identified a number of common interests to attract investment in Kenya.

“We have agreed to increase the frequency of our meetings. We have appointed teams to particularly look into the operationalization of the Special Economic Zones to attract local and foreign direct investments by creating a favourable economic environment,” Mendenhall said.

KoTDA’s CEO  John Tanui said that they were glad to continue with the collaboration following an initial engagement with Tatu City in 2017.

He said that the collaboration will address mutual smart cities issues on continuing to improve the ease of doing business in Kenya.

“By Konza being a Special Economic Zone as Tatu is, we are both very keen to attract investment in Kenya. Tatu City and ourselves are very ready to collaborate with other government and private agencies to attract more investment in our country,” said  Tanui.

Advertisement. Scroll to continue reading.

He said the two entities will share experience and insights and help each other in providing solutions towards building stronger strategies to attract investment in the country.

Tanui added that with the mega infrastructure such as the  Konza National Data Centre being operational at Konza, they will explore how both entities can benefit from the resources as they look forward to more collaborations with other partners and agencies outside Kenya.

He noted that with both cities having entities such as SEZ and Special Planning Areas, they have common areas through which they can engage, solve challenges and build experiences.

He indicated that a team comprising representatives from Konza and Tatu City will spearhead the implementation of the partnership.

KoTDA Directors  Ken Waibochi,  Kaburu Mwirichia and Rendeavour’s Deputy Country Head,  Evans Dimba, were also present during the visit.

Both Tatu City and Konza City are building on 5,000 acres, each with mixed-use developments, including homes, schools, offices, medical centres, nature parks, sport & entertainment complex and manufacturing for more than 250,000 residents and 30,000 day visitors each.

So far, KoTDA’s National Data Centre and Konza Complex are complete while horizontal infrastructure on Phase One is ongoing.

In Tatu city, two schools educating 3,000 students daily, 60 businesses and 3,000 homes are completed or under development.

 

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...