Daily Archives: July 15, 2015

Rendeavour sponsors Global Entrepreneurship Summit

– Africa’s largest urban land developer is partner in US Government initiative in Nairobi

NAIROBI, Kenya, July 15, 2015 /PRNewswire/ – Rendeavour, Africa’s largest urban land developer, announced today its support for the Global Entrepreneurship Summit (GES), which will feature US President Barack Obama and will be held in Nairobi on 25-26 July. The GES will take place just a short distance from Tatu City, Rendeavour’s flagship project to bring affordable, middle-class housing and jobs in a mixed-use planned community on the outskirts of the Kenyan capital.

“The African entrepreneurs represented by the GES are the future residents of Tatu City and Rendeavour’s other development projects around the continent,” said Frank Mosier, Rendeavour’s lead American investor. “As an American investor in Africa, I am pleased to see the US government recognize Africa’s growing middle class and entrepreneurial drive. It’s in that spirit that we are proud to be an official sponsor of the GES.”

In addition to Rendeavour’s commitment as a top-level sponsor alongside the likes of Google, Coca-Cola and Ernst & Young, the company will participate in the GES’ Women + Youth day – a high-level conversation about mobilizing this significant demographic in the developing world. Rendeavour also will serve as an adviser to participating African entrepreneurs on matters related to financing entrepreneurship, and attracting venture capital and private equity, as well as how best to address challenges in entrepreneurship.

Rendeavour’s participation in GES comes on the heels of the company’s construction kickoff of Tatu City’s first residential phase, Kijani Ridge, a major investment milestone in Kenya. An event marking the occasion last Saturday was attended by Kenya’s Cabinet Secretary for Foreign Affairs and International Trade Amina Mohamed, US Ambassador to Kenya Robert Godec and Kiambu County Governor William Kabogo. When completed, Tatu City will be home to more than 70,000 residents and 30,000 day visitors; it will create tens of thousands of jobs during its 20-year, phased development.

In addition to Kenya, Rendeavour is actively developing mixed-income, mixed-use properties in Nigeria, Ghana, Zambia and the Democratic Republic of Congo. As one of the top foreign investors in Africa, Rendeavour and its partners are making $1.8 billion in investments to develop more than 30,000 acres of land outside seven major cities. All told, 490,000 primarily middle-income Africans (homes starting at $25,000) will live in those developments, which will also host 210,000 visitors daily. Hundreds of thousands of permanent and temporary jobs – many of them going to entrepreneurs – will be created over the project lifetimes.

About Tatu City (www.tatucity.com)

Tatu City is a 2,500-acre, mixed-use and mixed-income development with residential, commercial, industrial, tourism, social and recreation amenities for more than 70,000 residents and 30,000 day visitors. Underlying Tatu City’s design is a visionary concept aiming to shift urban development in Kenya from the familiar single node model to a decentralized urban environment. By doing so, Tatu will significantly de-congest the City of Nairobi by offering a unique live, work and play environment.

About Rendeavour (www.rendeavour.com)

Rendeavour is Africa’s largest urban land developer with over 30,000 acres of visionary projects in the growth trajectories of large cities in Kenya, Ghana, Nigeria, Zambia and Democratic Republic of Congo. Rendeavour’s vision goes beyond alleviating what is a self-evident problem – that of stifling urban congestion and a dearth of quality housing and commercial property in Africa. Rather, we aim to help create the infrastructure – the living and working spaces, communities, schools and hospitals – that will help sustain and accelerate Africa’s economic growth, meet the aspirations of Africa’s burgeoning middle classes, and serve as a catalyst for further urban development.

Tim Beighton
+234 (809) 400-0065

Risen Energy Signs RMB 1.138 Billion Module Sale Contract with KongSun Yongtai

NINGBO, China, July 15, 2015 / PRNewswire — Risen Energy Co., Ltd and KongSun Yongtai Investment Holding Ltd have signed a module sale contract lately. Risen Energy will supply solar modules to KongSun Yongtai and the total amount is RMB1.138 billion.

3 different types of poly modules, 260W, 265W, 270W, are included in the contract. With these modules supply contract will bring a positive impact on business performance.

“Announced at the beginning of July, this contract is already one of Risen Energy’s greatest achievements for the second half of 2015,” said Wang Hong, president of Risen Energy. “The contract will increase Risen Energy’s market share and enhance the company’s brand image, profitability and comprehensive strength. It’s also a good example of how well the company is performing in the areas of integrating resources, improving industrial layout, enhancing efficiency, and achieving rapid development.”

About Risen Energy
Risen Energy Co., Ltd. was founded in 2002 and listed as a Chinese public company (Stock Code: 300118) in 2010. Risen Energy is one of the pioneers in solar industry and has committed to this industry as a R&D expert, an integrated manufacturer from wafers to modules, a manufacturer of off-grid systems, and also an investor, a developer and an EPC of PV projects. Aiming to deliver the green energy worldwide, Risen Energy is developing internationally with offices and sales networks in China, Germany, Australia, Mexico, India, Chile, and Benin. After years of efforts, it has reached a module production capacity of 1.5GW and an accumulative shipment of 3GW. While growing rapidly, Risen Energy keeps a stable pace with an average debt ratio at around 50% from 2011 to 2014 and it also generates innovations by setting up subsidiaries for internet finance and financial leasing as one step towards “Internet Energy”.

For more information, please visit: www.risenenergy.com