The Biggest Pan African Developer That is Not African | Ownahomeng TV | Feel at Home

[00:00:00]You see this man right here?

[00:00:02]His name is Lord Ashcroft.

[00:00:06]He's a British businessman that once sold a company for 6.7 billion pounds at some point in [music] his career.

[00:00:16]He started a holding company called Tapir Holdings.

[00:00:21]See this other man?

[00:00:23]Stephen Jennings.

[00:00:25]Over the course of his career, he has been responsible for deal inflows of over 200 billion dollars to Africa and Central Europe.

[00:00:37]So, this man called Stephen Jennings decides one day that he's going to start a Pan-African development company.

[00:00:48]Now, let's go back to Lord Ashcroft.

[00:00:50]Lord Ashcroft partners with someone called Frank Mosier.

[00:00:54]And together, they invest and back this man called Stephen Jennings that wants [music] to put in money and invest in Africa's emerging market.

[00:01:07]Now, that company is worth over 3.5 billion dollars in valuation >> [music] >> and they have over 12, 000 hectares across five African cities. In Nigeria, they have it in two cities. They have in Zambia. They have in DRC Congo. They have in Ghana and they have in Kenya.

[00:01:32]And now, this video is the story of the biggest, arguably, the most valuable African developer.

[00:01:43]That is not really African.

[00:01:47]But, you cannot doubt their impact. I'm going to be looking at the investments, [music] the cities that they invested in, what you need to know, and if you're African or if you're outside the continent and you're looking at investing, why they are investing and they are betting a lot in the African market, and what they are seeing that you don't get to see.

[00:02:08]It's going to be a hell of a ride. Let's go.

[00:02:11]The name of the company is Rendeavour.

[00:02:13]Rendeavour is a development company, and [music] they are mostly into real estate. They mostly focus on special economic areas. So, in a place like Nigeria, for instance, then a free zone, then special [music] economic areas and other places like Kenya and Zambia. And they have been in this game for a whole while.

[00:02:48]Permit my bias because I'm Nigerian, and obviously by the African giant, [music] we are going to start with our own country, Nigeria. Now, these people came together and they said, "Let's put together about 250 million dollars of our funds and start a city [music] in Lagos, Nigeria."

[00:03:09]Now, initially when they came to Lagos, Nigeria, they had [music] gone to partner with the Lagos State government and gotten 1,000 hectares of land in the Ibeju-Lekki axis. [music] After they had gotten that parcel of land, they saw that there was more opportunity for growth, and eventually got [music] another 1,000 hectares. So, they have a total of 2,000 hectares.

[00:03:33]>> [music] >> And what are some of the things that they saw? They saw the Dangote Refinery that was [music] fast growing. They saw the deep sea port in that area, and they saw that that axis was opening up as Lagos is the central hub for business, commerce, and trade in the West African and even larger sub-Saharan Africa.

[00:03:54]They have been here and they've grown our portfolio from $250 million.

[00:04:00]Now, Alaro City has a valuation of over $600 million. Bear in mind that they put their own funds to start this and in that time, they've also generated >> [music] >> value for their shareholders and their customers have bought land and bought property in this area. Now, I'm going to go to Kenya where they have [music] Tatu City.

[00:04:24]And so many of you that have watched here, you know, watched here [music] and Nigerians in diaspora, Africans in diaspora, you would have known Tatu City. In fact, right now they're running major ads for Tatu City. Tatu City is also another city in Kenya.

[00:04:40]2,000 hectare land >> [music] >> and is a mixed-use development in Nairobi's dust doorstep.

[00:04:47]Designed to accommodate over 250,000 [music] residents and thousands of daily visitors.

[00:04:54]Think Eko Atlantic because Eko Atlantic is >> [music] >> is planned for like 300,000.

[00:04:59]And it's very vibrant. It's also like a special economic zone as well and [music] you know, Kenya is growing. Kenya is becoming more of a hub for tech and different um foreign investments and [music] the like. So, this is another city that they saw the opportunity and they went headlong into it.

[00:05:20]Now, >> [music] >> let's go to Appolonia City. And funnily enough, they have two cities in Ghana.

[00:05:27]They have Appolonia City um and they have King City.

[00:05:32]So, Appolonia City um is an urban development but is only 1,000 hectares, which is about 2,500 [music] acres of land. It's another one that they have their [music] eyes set on. And the second one like I mentioned, is King City. This is another 1,000 [music] ha.

[00:05:51]So, we are sensing a theme. They are doing at least 2,000 ha in [music] each of the cities that they are going to each of the countries that are going 2,000 [music] in total. And it's in Ghana's Western Region, strategically located in the heart of the country's mining and energy industry.

[00:06:08]>> [music] >> So, that's the Takoradi Takoradi Harbor, King City.

[00:06:14]They also have a second city [music] in Abuja, which is called the Jigna.

[00:06:19]And it's strategically located in the midpoint [music] of the center of the the country. It's just about 757 ha though.

[00:06:28]It's on the outer northern express.

[00:06:30]And >> [music] >> um yeah, obviously still coming up and you're still seeing the the benefits of that.

[00:06:36]>> [music] >> Now, let's go all the way to DRC Congo.

[00:06:39]DRC Congo is very very integral [music] to life as we know it.

[00:06:47]What's everything you use for your Tesla, for your iPhone. Most of the It's [music] very resource-rich. And they have to be there. They have about 4,000 [music] ha. It's about 11,000 acres of land in DRC alone.

[00:07:03]And it's in a in the first special economic zone. And you see they're looking at these opportunities >> [music] >> and they're creating value for themselves and they're also creating value for their shareholders. Then you have the Roma Park that is in Zambia, [music] which is about 120 ha of land.

[00:07:24]Now, this video is just to show you like a more higher-level type of deal with this um developer.

[00:07:33]I would, in subsequent video subsequent videos, be drilling down and talking about it in a more granular way.

[00:07:42]But I think the point should not be lost on you, my viewer that's watching this.

[00:07:47]Is that people are seeing the value in Africa and they're putting their money where their mouth is.

[00:07:54]These are people that also invested in the Western market, gotten their money, and they're looking to diversify. So, let it not be the factor of call the dog a bad a bad name before you execute the dog. And so many people are sleeping on the massive opportunity that is Nigeria. People have grown their portfolio practically [music] to about 3.5 billion dollars worth under your noses and about 12,000 hectares of land >> [music] >> under your noses. Some of you have the money, some of you have the the the network.

[00:08:34]Some of you [music] have the skill, some of you have, you know, you can talk to people, but you are not seeing that there's opportunity here. Anyways, if you want to invest in the real estate in Lagos or to invest [music] in the African continent, specifically Nigeria, Lagos and Abuja, let us speak. Thank you so much for watching. This is the only home TV show. You're at only home with the deep meaning of home, money, and property shouldn't make you lose sleep.

[00:08:54]So, we are here to give you the very very best property recommendations and inside out real estate digest.

[00:08:58]>> [music] >> Kindly like, kindly share, kindly subscribe, and I'll see you at the very next video. Bye-bye.