The lender says that it will offer individuals and businesses at Tatu City a range of investment services.
These financial products will encompass land purchases, construction loans for houses and companies on acquired plots and mortgages for existing properties within Tatu City.
“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,” Stephen Jennings, founder and CEO of Rendeavour, the owner and developer of Tatu City, said.
“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 said.
On his part, Equity Bank Kenya Commercial Director Humphrey Muturi said tailored financial solutions will empower individuals and businesses.
More than 9,000 people currently work at more than 75 businesses in Tatu City, including Dormans, Copia, Cooper K-Brands, Grit Real Estate Income Group, and Twiga Foods.
Others are Freight Forwarders Solutions, Friendship Group, Davis & Shirtliff, Kenya Wine Agencies Limited, Roast by Carnivore, Crawford International School, Nova Pioneer as well as Unity Homes apartments and the Kijani Ridge premier neighborhood.
Business benefits at Tatu City SEZ include VAT zero-rating, import and stamp duty exemptions and 10 percent corporate tax for the first 10 years and 15 percent for 10 years thereafter.
