Support The Moscow Times!

RenCap Project OK'd

Tatu City, a planned $5 billion residential complex outside Kenya's capital Nairobi, received environmental approval for the first phase, including construction of 3,000 housing units and retail operations, Tatu City chief executive Arnold Meyer said late last week, Bloomberg reported.

Renaissance Partners, the investment unit of Renaissance Capital Financial Holdings, is building the project with local investors.

According to the project's website, the development will be home to an estimated 62,000 residents and create more than 330,000 permanent jobs and 220,000 temporary jobs.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.