Fintech PR

Tatu City, Kenya, Makes Over 100 Strategic New Hires in 2023 as Growth Surges

Published

11 months ago

December 20, 2023

CISION (PR Newswire)

tatu-city,-kenya,-makes-over-100-strategic-new-hires-in-2023-as-growth-surges

SEZ on Nairobi’s doorstep bolsters team with international leaders and local experts

Tatu City is now home to over 15,000 workers with thousands more to join in 2024

TATU CITY, Kenya, Dec. 20, 2023 /PRNewswire/ — Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) on Nairobi’s doorstep, has strengthened its workforce with over 100 key appointments in 2023 as businesses and homeowners from Kenya and around the world flock to join its growing ecosystem.

Tatu City is now home to over 78 businesses providing employment opportunities to 15,000 workers, with thousands more jobs to follow in 2024. Over 4,500 pupils and students attend Tatu City’s schools which include Crawford International School and Nova Pioneer Primary and Secondary.

“Tatu City has reached an important inflection point. Our SEZ status, combined with first-class infrastructure, and our safe, secure and predictable environment, is attracting investors from all over the world, creating additional demand for our residential offerings, schools and retail amenities,” said Preston Mendenhall, Country Head, Kenya, at Rendeavour, the owner and developer of Tatu City. “To support this rapid growth, we are hiring both locally and internationally with over 100 new roles in key areas such as Urban Planning & Design, Construction, Sales & Marketing, and Security.”

Tatu City’s rapidly expanding client base includes CCI International, a global leader in contact centre services, which recently moved the first 800 workers into its new 5,000-seat call centre at the Eneo building in Tatu Central. Also in Tatu City, medical devices manufacturer Zhende is setting up the largest medical production facility in East Africa employing 7,000 Kenyans; and Kenya Wine Agencies Ltd (KWAL), a subsidiary of Dutch brewer Heineken, has built an ultra-modern drinks manufacturing facility.

“As a leading player in Business Process Outsourcing (BPO) services, we have high standards and specific requirements for where we establish our operations,” said Rishi Jatania, Managing Director, CCI Kenya. “Tatu City provides an attractive and low-risk environment underpinned with first-class infrastructure which is good for both our business and our people. It was a logical choice for the next phase of our Africa expansion.”

Tatu City’s infrastructure build-out includes over 50 km of tarmac roads, a high-redundancy power network, three water sources, an on-site water treatment plant, and over 15 km of fibre optic cables. In addition, to service the growing residential communities at Kijani Ridge and Unity Homes with over 3,000 residents today, Tatu City has invested in recreational spaces and parks, requiring additional staff for landscaping and security sourced from neighbouring communities.

In line with its commitment to fostering sustainable economic growth and positively impacting the local community, Tatu City is investing in a NITA-certified Tatu City Training Academy. The academy provides free training to local youth, empowering them with industry-relevant skills and bridging the gap between education and employment. Since its inception, the Tatu City Training Academy has positively impacted the lives of over 500 young people, with more than 80% securing employment within Tatu City.

About Tatu City (www.tatucity.com)

Tatu City is a 5,000-acre new city on Nairobi’s doorstep with homes, schools, businesses, a shopping district, medical clinic, nature areas and recreation for more than 250,000 residents and tens of thousands of day visitors. Tatu City’s schools educate thousands of students daily, a range of homes suits all incomes and more than 78 businesses thrive in the country’s first operational Special Economic Zone. Located 30 minutes from Westlands, Tatu City represents a new way of living and thinking for all Kenyans in a live, work and play environment that is free from traffic congestion and long-distance commuting.

Tatu City is a development by Rendeavour, Africa’s largest new city builder with 30,000 acres of visionary projects in growth trajectories across Ghana, Nigeria, Kenya, Zambia and the Democratic Republic of Congo.

Photo – https://mma.prnewswire.com/media/2305248/Tatu_City_expands.jpg

Media Contact:
Jonathan Batty
jbatty@rendeavour.com

View original content:https://www.prnewswire.co.uk/news-releases/tatu-city-kenya-makes-over-100-strategic-new-hires-in-2023-as-growth-surges-302019997.html

Fintech PR

7th CIIE Successfully Wraps: Highlights by the Numbers

Published

5 hours ago

November 28, 2024

CISION (PR Newswire)

7th-ciie-successfully-wraps:-highlights-by-the-numbers

SHANGHAI, Nov. 28, 2024 /PRNewswire/ — The 7^th China International Import Expo (CIIE) drew to a successful close on November 10th in Shanghai. While many intangible achievements and connections were made, this year’s data shows how the Expo achieved unprecedented success in global participation and business opportunities. Tentative deals totaled USD 80.01 billion, marking a 2 percent increase from the previous year.

Vibrant Participation from around the World

As a crucial platform for global collaboration, the 7^th CIIE invited 77 countries and international organizations from five continents for the Comprehensive Country Exhibition. Participants incorporated unique cultures, national identities, and modern technology into booth designs, with an impressive lineup of over 200 captivating events hosted at the booths. A total of 3,496 companies from 129 countries and regions participated in the Enterprise & Business Exhibition, including 1,585 companies from 104 countries in the Belt and Road Initiative, 1,106 companies from 13 countries in the Regional Comprehensive Economic Partnership, and 132 exhibitors from 35 least developed countries.

Wide Range of Cutting-Edge Innovations and Debuts

Innovative achievements and diverse debuts have consistently been a major highlight from each edition of the expo. At the 7^th CIIE, the Innovation Incubation Special Section showcased 360 innovative projects from 34 countries and regions, supporting the development of small and medium-sized enterprises (SMEs) and startups. In addition, multinational companies introduced 450 new products, services, and technologies, including over 100 global launches, 40 Asia premieres, and over 200 China debuts, unlocking momentum for new drivers of consumer demand.

International Perspectives and Collaborative Dialogues at the HQF

Serving as an important platform for international communication, the Hongqiao International Economic Forum (HQF) becomes a focal point of attention at each edition of the CIIE. Focusing on trending topics, the 7^th HQF attracted over 8,600 registrations and convened more than 300 globally renowned experts and leaders in politics, business, and academia. The 7^th HQF also released the World Openness Report 2024 alongside the World Openness Index, delivering a message of openness and fostering international cooperation.

The 7^th China International Import Expo was undoubtedly a complete success, demonstrating its significant role as a stage for advancing global cooperation. With preparations for the 8^th CIIE actively underway, the expo continues to expand opportunities for global trade and economic cooperation, warmly inviting countries and enterprises from abroad to join!

Visit CIIE official website for more information: https://www.ciie.org/zbh/en/?from=prnewswire

Contact: Ms. Cui Tel.: 0086-21-968888 Email: [email protected]

Photo – https://mma.prnewswire.com/media/2569264/image_5031553_31815944.jpg

Fintech PR

Europi Property Group AB (publ) successfully issues senior unsecured green bonds

Published

5 hours ago

November 28, 2024

CISION (PR Newswire)

STOCKHOLM, Nov. 28, 2024 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES TO DISTRIBUTE THIS ANNOUNCEMENT.

Europi Property Group AB (publ) (“Europi” or the “Company“) has successfully issued senior unsecured green bonds of EUR 50m under a framework of up to EUR 100m and a tenor of three years (the “Green Bonds“). The Green Bonds have a floating interest of 3M Euribor plus 500 basis points per annum. Europi intends to list the Green Bonds on the sustainable bond list of Nasdaq Stockholm within 12 months and Nasdaq Transfer Market within 60 days, with an ambition to have the Green Bonds admitted to trading within 30 days.

An amount corresponding to the net proceeds from the Green Bonds will be used in accordance with the Company’s green finance framework (the “Green Finance Framework“).

Skandinaviska Enskilda Banken AB (publ) and ABG Sundal Collier AB have acted as advisors in relation to the issue of the Green Bonds. Vinge has acted as legal counsel in relation to the issue of the Green Bonds.

More information regarding the Green Finance Framework and Sustainalytics’ second party opinion can be found at https://europi.se/bond-investors/

For further information, please contact:
Jonathan Willén, CEO, [email protected]
+46 (0) 8 411 55 77

About Europi (www.europi.se)
Europi Property Group, founded in 2019, is a pan-European real estate investment company headquartered in Stockholm (with an office also in London) investing discretionary capital across all sectors with a flexible investment strategy. Europi has since inception completed public and private transactions of more than €700m in gross asset value alongside its established network of local operating partners and completed four successful exists. By combining a truly entrepreneurial, active ownership approach with focus on social and environmental sustainability, Europi generates long term value and positive impact for all stakeholders.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/europi-property-group/r/europi-property-group-ab–publ–successfully-issues-senior-unsecured-green-bonds,c4073222

View original content:https://www.prnewswire.co.uk/news-releases/europi-property-group-ab-publ-successfully-issues-senior-unsecured-green-bonds-302318389.html

Fintech PR

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

Published

5 hours ago

November 28, 2024

CISION (PR Newswire)

bybit-x-block-scholes-derivatives-report:-eth-outperforms-btc

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media