Home Business Tatu City Accuses Kenyan Governor Of Attempting To Extort Foreign Investors
BusinessWorld

Tatu City Accuses Kenyan Governor Of Attempting To Extort Foreign Investors

303
Tatu City's representative, Preston Mendenhall, during the press conference.

Tatu City, a 5000-acre real estate development in Kenya, accused Kiambu County Governor, Kimani Wamatangi and his aide, of trying to extort 4.3 billion ($33 Million) worth of land.

Tatu city is owned by Rendeavour, Africa’s largest new city builder and real estate with over 30,000 acres of visionary projects Nigeria, Kenya, Ghana, Zambia and Democratic Republic of Congo.

“Today I’d like to say unfortunately that success of Tatu City has attracted opportunistic politicians in Kenya,” said Preston Mendenhall, the Chief Operating Officer and Kenya County Head for Rendeavour.

During his press conference in Nairobi on Wednesday, Mendenhall went ahead to unveil a cardboard which contained photos of Governor Wamatangi and his aide, Salome Wainaina, with a bold inscription written above the photos: “Extortion Of Foreign Direct Investors”.

“Today we strongly strongly condemn Salome Wainaina and Governor Wamatangi for attempting to extort foreign direct investors, international investors in Kenya from New Zealand, the United States, United Kingdom, and Norway.

“These individuals here,” Mendenhall said pointing to the cardboard, “have held up, for more than a year and half, the approval of Tatu City’s new master plan.

“All the while, they try to seize 40 acres of land from Tatu city, including land for Governor Wamatangi’s residence.”

Mendenhall said the value of the land Wamatangi and his aide are trying to take is 4.3 billion Shillings, which he said is about $33 million.

Following the accusations, Governor Wamatangi explained that the 40 acres of land he was demanding from Tatu City was for the purpose of building a school and hospital.

In Nigeria, Rendeavour has two development projects: Alaro City located in Lekki Free Zone, Lagos, and Jigna in Abuja, close to Central Business District.

According to Rendeavour, they “build new cities in the growth paths of some of Sub-Saharan Africa’s fastest growing urban areas.” The investment is financed by American, Norwegian, British and New Zealand investors.

Read: Kenya President Ruto Fires Entire Cabinet

Elon Musk Wins $500M Lawsuit Against Former Twitter Employees

Ghana’s Inflation Hits Two-Year Low At 22.8% In June

About The Author

Related Articles

Niger Mining Permits Companies
BusinessNews

Niger Awards 2 Mining Permits To National Companies For Copper And Uranium Extraction

The Nigerien government has awarded two new mining permits to national copper...

Three Junta-Led African Nations Sets to Ditch France CFA, Creates Monetary Union
NewsWorld

Niger: National Committee Proposes Five-Year Transition to Civilian Rule, Recommends Naming Tchiani President

A consultative body appointed by Niger’s junta has proposed a five-year transition...

BusinessNews

Tanzania Overtakes Nigeria as Africa’s Second-Largest Maize Producer – Without GMOs

Tanzania has officially surpassed Nigeria to become Africa’s second-largest maise producer. The...

Barrick Gold and Mali
BusinessNews

Barrick Gold Agrees to $438 Million Deal to Restart Mining in Mali, Report Says

Barrick Gold has agreed to pay $438 million to settle its long-running...