Last evening at the Louis Leakey Auditorium a story was being told. A story about trying to build a a city and how a plan to provide a unique development was being thwarted by corruption and mafia type behaivour. The Narrator was Stephen Jennings, the CEO of Rendeavour, which is the biggest shareholder in the Tatu project. I will not repeat what he said, I might be sued for defamation and I can’t afford a fancy lawyer. I was curious to find out if Tatu City – will it live up to its hype?
Anyway I was interested in some of the reactions of the people who were listening to the shocking revelations we were hearing on the good, bad and ugly goings on at Tatu City.
Even before the session started there were already words of wisdom being dished out.
If one takes anything away from #TatuTrueTalk it is, find the right partners or stay away from that great deal if you are the financier.
— coldtusker (@coldtusker) September 17, 2015
This public lecture is about to get steamy as Stephen Jennings takes us through the vision for Tatu city & the wrangles #TatuTrueTalk — AfroMum (@Afro_Mum) September 17, 2015
Stephen Jennings and his partners have invested $100M in Tatu City #TatuTrueTalk — Ng’endo (@Ngendo87) September 17, 2015
Jennings admitting to some naivety on his part in working with some of the people he chose to work with here. #Tatutruetalk — Shiko-Msa (@Shiko_Msa) September 17, 2015
Jennings says Tatu City has received a lot of support from Kenyan businessmen #TatuTrueTalk — Ng’endo (@Ngendo87) September 17, 2015
-Amina Mohamed -William Kabogo -Bob Godec All these people are happy with @Tatu_City Development #TatuTrueTalk — Kenyanwallstreet (@kenyanwalstreet) September 17, 2015
Dormans are building their corporate HQs at Tatu City where they will also have a processing and packaging plant. #TatuTrueTalk — Ng’endo (@Ngendo87) September 17, 2015
Bombshell…. -Nyagah Shareholding is very tiny just a 1.8% @Tatu_City #TatuTrueTalk — Kenyanwallstreet (@kenyanwalstreet) September 17, 2015
‘We should resolve the problem of corruption’, Stephen Jennings. #TatuTrueTalk
— Juliet Hephzibah (@juliejacqui1) September 17, 2015
“There are individuals who are here to inhibit the growth of Kenya through their corrupt activities.” – Stephen Jennings. #TatuTrueTalk
— njooro (@njooro) September 17, 2015
“These challenges will only slow but not stop the course of justice” – Jennings #Tatutruetalk — Shiko-Msa (@Shiko_Msa) September 17, 2015
Jennings: I had concerns about Nyagah’s integrity. #TatuTrueStory #TatuTrueTalk — coldtusker (@coldtusker) September 17, 2015
Explosive allegations by Stephen Jenning about #TatuCity. Packed room even @ahmednasirlaw is here. #TatuTrueTalk pic.twitter.com/aF679eCGuV — Rayhab Gachango (@potentash) September 17, 2015
Jennings: Shah/Nyagah didn’t contribute cash/equity to @Tatu_City project #TatuTrueTalk — coldtusker (@coldtusker) September 17, 2015
Ahem. @KRACare should look into the offshore loans taken by Kenyan folks in the @Tatu_City saga! #TatuTrueTalk
— coldtusker (@coldtusker) September 17, 2015
This #TatuTrueTalk #TatuTrueStory is going to make fodder for law suits in short order. — CK (@CharlesGacheru) September 17, 2015
“A huge amount of corruption comes from private sector” – Jennings #TatuTrueTalk
— Shiko-Msa (@Shiko_Msa) September 17, 2015
An investigative journalist will be tasked to write a book on ‘The Tatu Saga’ #TatuTrueTalk
— Ng’endo (@Ngendo87) September 17, 2015
Corrupt crooks & hardcore criminals are ruining the Kenya business environment. Tatu directors & lawyers have been threatened #TatuTrueTalk — njooro (@njooro) September 17, 2015
Bullies are often cowards. If we fight them together, we will win. – Stephen Jennings. #TatuTrueTalk — Juliet Hephzibah (@juliejacqui1) September 17, 2015
An investors chilling story of extortion, fraud, threats, harassment and much more. Any wonder why investors many pack and go? #TatuTrueTalk — njooro (@njooro) September 17, 2015
Now the best bit. The Q&A for Jennings of @Rendeavour_ ???????????? #TatuTrueTalk but organization is a bit poor — coldtusker (@coldtusker) September 17, 2015
Stephen Jennings – Change always relies on courage. #TatuTrueTalk — Kevin Mbuthia (@KevDaNative) September 17, 2015
@Rendeavour_ we have listened & heard you. It is our civic duty to assist you especially with your due diligence. call on us. #TatuTrueTalk — Mars Group Kenya (@MarsGroupKenya) September 17, 2015
Can’t wait to hear the rebuttals that will arise from this forum. Cue in tomorrow’s outrage already #TatuTrueTalk — Sarandipity (@kaggzie) September 17, 2015
Who does @ahmednasirlaw represent in this matter? https://t.co/Cwy84KD2XE — coldtusker (@coldtusker) September 17, 2015
Lesson from #TatuTrueTalk #BrandKenya works well in advertising but fails 2 attract institutional investors. Corporate governance lacking. — #SUSinOlchorroOnyori (@njenga_micugu) September 17, 2015
We could’ve been years ahead in our economy if not for corruption. But its that hydra head that grows back when you cut it #TatuTrueTalk — Buhdeuce! (@ThatguyDavy) September 17, 2015
We are investors who specialize in emerging markets. We are used to being in tough situations @Rendeavour_ #TatuTrueTalk — Nova Ridge (@NovaRidgeGH) September 17, 2015
Basically the summary from Stephen Jennings is that corruption in Kenya is at epidemic levels and will deter investors… #TatuTrueTalk — Mwende Ngao (@mwendesusu) September 17, 2015
Unfortunately, the way Tatu City is handled will be a benchmark for especially foreign investors who wish to invest in Kenya. #TatuTrueTalk — Mwende Ngao (@mwendesusu) September 17, 2015
This could work as a good case study as to why investors choose to leave the country. Too much high level corruption in KE #TatuTrueTalk — Sarandipity (@kaggzie) September 17, 2015
Jennings – In my view Kenya is ripe for change. Kenya has a strong democracy, a strong civil society, and a vibrant youth. #TatuTrueTalk — Maskani Ya Taifa (@Maskani254) September 17, 2015
This guy Stephen Jennings has worked and lived in Russia. He has the skin of a Rhino. He will not be intimidated in Kenya. #TatuTrueTalk — Rayhab Gachango (@potentash) September 17, 2015
Jennings has every right 2 be blunt. But the government is more keen on positive investor mood than dealing with corruption #TatuTrueTalk — #SUSinOlchorroOnyori (@njenga_micugu) September 17, 2015
Honestly if I went through the kind of things @Rendeavour_ have been put through, I’d have pulled my money kitambo. #TatuTrueTalk — Kevin Mbuthia (@KevDaNative) September 17, 2015
Seeing corruption from an investor’s eyes makes one realize that we don’t understand the impact of corruption to our economy #TatuTrueTalk — Sarandipity (@kaggzie) September 17, 2015
Jennings: 95% of foreign investors can’t & won’t deal with issues we dealt with… #TatuTrueTalk — coldtusker (@coldtusker) September 17, 2015
@EstherPassaris settling scores at the #TatuTrueTalk for the challenges she went through with her adopt-a-light co. — Mike Kabinga (@Mikekabinga) September 17, 2015
Stephen Jennings just launched the boldest war on corporate corruption in Kenya. Ever. #TatuTrueTalk — Daniel Kalinaki (@Kalinaki) September 17, 2015
‘I hope you nail these people …you will give life to the private sector that is not corrupt” – Esther Passaris #TatuTrueTalk — njooro (@njooro) September 17, 2015
@Rendeavour just started a war that could make or break our investment-ability(sp) as a country. Rooting for good outcomes #TatuTrueTalk — Sarandipity (@kaggzie) September 17, 2015
Is corruption around @Tatu_City that powerful that everything around accountability went under? Don’t want to think Konza city #TatuTrueTalk — Siri Kali Ya Kenya (@MPigsAreWrong) September 17, 2015
Stephen Jennings said he has nothing to hide.Says he is ready for an open forum discussion with those he accuses of corruption #TatuTrueTalk — Rayhab Gachango (@potentash) September 17, 2015
I will await for Vimal and Nyagah’s side of the story #TatuTrueTalk — Ng’endo (@Ngendo87) September 17, 2015
If you would like to find out what Stephen Jenner talked about Check out his talk on the Good, the bad and the ugly on #TatuTrueTalk 17th September 2015, Nairobi, Kenya – part 1
