On the margins of the UN General Assembly, and in support of President Barrack Obama’s efforts to promote youth development and entrepreneurship in Africa, Rendeavour signed a Memorandum of Understanding with the US Agency for International Development (USAID) to support and grow young African leaders.
The Young African Leaders Initiative (YALI), a $50 million USAID program to foster leadership opportunities for African youth, encourages young Africans to excel in business, civil society and public administration in their respective countries.
Rendeavour’s in-kind contribution of $1 million to the YALI project demonstrates the company’s commitment to developing Africa’s future leadership through mentorship, skills training, and professional development opportunities.
“We believe that building tomorrow’s cadre of African leaders is the highest-impact way to develop sustainably,” says Frank Mosier, Rendeavour’s chairman. “With more than 200 million young people on the continent, the key to Africa’s success lies in preparing its next generation for economic and political leadership.”
Rendeavour is the largest urban land developer in Africa. Its portfolio includes seven satellite city developments, in Kenya, Zambia, Democratic Republic of the Congo, Nigeria and Ghana, encompassing 30,000 acres of land that will eventually be home to approximately 500,000 mostly middle income Africans.
In Kenya Rendeavour is responsible for the development of Tatu City, a 2,500-acre, mixed-use and mixed-income development with residential, commercial, industrial, tourism, social and recreation amenities. Tatu City.
When completed, Tatu City is expected to accommodate more than 100,000 residents and 30,000 day visitors and is expected to significantly de-congest the City of Nairobi by offering a unique live, work and play environment.