On the margins of the UN General Assembly, Tatu City developer, Rendeavour pledged to contribute $1 million to the YALI project in order to support President Barrack Obama’s efforts to promote youth development and entrepreneurship in Africa.
In addition, Rendeavour also signed a Memorandum of Understanding with the US Agency for International Development (USAID) to support and grow young African leaders through mentorship, skills training, and professional development opportunities. 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.
“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 an urban land developer in Africa with portfolios including seven satellite city developments in Kenya, Zambia, Democratic Republic of Congo, Nigeria and Ghana. In Kenya Rendeavour is responsible for the development of the controversial Tatu City, a mixed-use and mixed-income development with residential, commercial, industrial, tourism, social and recreation amenities.