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Tapir Holdings Ltd on Friday said Mabani Aljazeera Group is committing a ‘major investment’ in Rendeavour Holding Ltd’s Jabali Towers development. Shares in Tapir were 5.4% higher at 44.78 pence on Friday afternoon in London. The strategic investment holding company, whose current sole investment is a 10% equity stake in Africa-focused ‘new city developer’ Rendeavour, said Mabani’s investment ‘marks a major milestone for East Africa, representing a significant vote of confidence by a major Saudi investor’. Mabani is a ‘leading’ private construction and investment firm. Jabali Towers is a mixed-use development in the ’special economic zone’ of Tatu City, Kenya, and Tapir said its first tower is over 80% sold. Tatu City is already home to over 7,000 residents, with annual population growth exceeding 40%, and development is valued at over $3.5 billion. Swan Properties, a subsidiary of Mabani, will receive ‘50% minus one share’ for its investment in Jabali’s development company, of which Tatu owner and developer Rendeavour is the majority shareholder. ‘Mabani Aljazeera Holding Group and Swan Properties’ investment in Tatu City and Kenya is underpinned by Rendeavour’s 20-year track record of delivering on its promises in Africa,’ commented Rendeavour Founder & Chief Executive Officer Stephen Jennings. ‘Every year, Tatu City attracts more than half of all foreign direct investment in Kenya. We are engaging with numerous Saudi investors ready to invest in Kenya and are delighted that Swan Properties is the pioneer.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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