Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Tatu City rocked by shareholder wars
An artist’s impression of the Sh200 billion real estate project, dubbed Tatu City, which will be located on 1,000 hectares of land in Kiambu County, behind Kenyatta University. It is currently occupied by coffee plantations. Photo/COURTESY
Moscow-based investment bank, Renaissance Capital’s quest to firm its grip on Nairobi’s Sh240 billion real estate project dubbed Tatu City has sparked a vicious boardroom battle that has now spilled over to the courts, casting dark clouds over what promises to be Kenya’s single largest investment plan.
Steve Mwagiru, a minority shareholder, has moved to court seeking the dissolution of Tatu City Limited – the company that owns the project — on grounds that the majority shareholders led by Renaissance Capital have blocked him from the running of the firm.
