In a strategic move aimed at bolstering economic growth and development within the expansive Tatu City, Equity Bank Kenya has announced a partnership with Tatu City to offer specialized financial services.

This collaborative effort is set to empower individuals, businesses, and communities within the burgeoning urban centre to unlock various opportunities for residents and investors alike.

Equity Bank Kenya will introduce a wide range of financial products meticulously tailored to cater to the diverse needs of Tatu City's residents and entrepreneurs.

The services will encompass land purchases, construction loans for both residential and commercial properties, and mortgages for existing properties within the city.

Stephen Jennings, Founder and CEO of Rendeavour, the owner, and developer of Tatu City, expressed enthusiasm about this partnership.

Read More

  1. Equity Group profit after tax increases by 13 per cent to Sh40.9 billion in Q3 2024
  2. Equity Bank feted for its tech innovation during Service Excellence Awards 2024
  3. Equity Bank challenges SMEs in Kenya to dare, venture into other markets abroad

"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. 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," Jennings stated.

Equity Bank Kenya's Commercial Director, Humphrey Muturi, echoed similar sentiments, emphasizing the bank's commitment to driving socio-economic transformation across Africa.

"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," Muturi said.

Tatu City, a rapidly expanding urban development project, currently boasts over 9,000 employees across over 75 businesses, including prominent names like 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.

Furthermore, Crawford International School and Nova Pioneer together educate over 3,500 students daily, while over 4,000 residents enjoy the comforts of Unity Homes apartments and the exclusive Kijani Ridge premier neighbourhood.

One of the key attractions for businesses within Tatu City is the Special Economic Zone (SEZ) status, offering a host of incentives, including VAT zero-rating, import and stamp duty exemptions, and a favourable corporate tax regime of 10 per cent for the first 10 years and 15 per cent for the subsequent decade.

The partnership between Tatu City and Equity Bank Kenya is poised to inject fresh momentum into the remarkable growth story of this burgeoning urban hub, offering residents and entrepreneurs alike a brighter, more financially accessible future.

In the heart of Kenya, the collaborative synergy between Tatu City and Equity Bank Kenya promises a new era of prosperity and opportunity for all who call this thriving city home.