Tatu City has teamed up with Equity Bank Kenya to offer financing solutions for property purchase and construction within Tatu City.
Equity Bank Kenya will offer a comprehensive range of investment services tailored to meet the diverse needs of individuals and businesses in Tatu City.
These financial products will encompass land purchases, construction loans for houses and companies on acquired plots, and mortgages for existing properties within Tatu City.
"Through this partnership with Equity Bank, we are taking a giant leap forward in facilitating accessible and flexible financing options to cushion homeowners and small and medium enterprises within our dynamic community," Founder and CEO of Rendeavour, the owner and developer of Tatu City Stephen Jennings said.
"We have laid down the infrastructure and supporting amenities and are already welcoming thousands of residents. Our goal is to make moving in and settling at Tatu City even easier."
"This strategic partnership with Tatu City aligns with our dedication to drive socio-economic transformation across Africa. By providing tailored financial solutions. We aim to empower individuals, businesses, and communities to harness the immense opportunities presented in Tatu City," Equity Bank Kenya Commercial Director Humphrey Muturi said.
More than 9,000 people currently work at more than 75 businesses in Tatu City, including Dormans, Copia, Cooper K-Brands, Grit Real Estate Income Group, Twiga Foods, Freight Forwarders Solutions, Friendship Group, Davis & Shirtliff, Kenya Wine Agencies Limited and Roast by Carnivore.
Crawford International School and Nova Pioneer educate more than 3,500 students daily and more than 4,000 people live in Unity Homes apartments and the Kijani Ridge premier neighborhood.
Business benefits at Tatu City SEZ include VAT zero-rating, import and stamp duty exemptions and 10% corporate tax for the first 10 years and 15% for 10 years thereafter.
In August, Tatu City and China Chamber of Commerce entered into a deal aimed at promoting mutual economic growth between Kenya and China.
The City signed a memorandum of understanding with China-Africa Economic and Trade Chamber( CAETC)to promote investments between Kenya and China.
This deal was expected to boost bilateral relations between the two countries, paving the way for new business opportunities and mutual economic growth.
In the statement, CAETC, a non-profit social organisation comprised of Changsha-based businesses, will promote commerce and cooperation between China and Africa.
Tatu City is Nairobi’s special economic zone and a home for Chinese companies.
The Tatu City has further revealed that its partnership with CAETC will receive support from Changsha County Government who will oversee the achievement of the deal’s objectives.
