Oba Kamorudeen Animashaun, the Oloja of Epe Kingdom, has honoured top executives of Rendeavour, developers of Alaro City in the Lekki Free zone, with chieftaincy titles to reward the firm’s contributions to job creation and community development in his domain.
Frank Mosier, the chairman of Rendeavour, was awarded the chieftaincy title of “Amuludun of Epe Kingdom” (one that helps with creating harmony and joy in the land); while Stephen Jennings, founder and CEO of Rendeavour, was awarded the chieftaincy title of “Bobatuluse of Epe Kingdom” (one who works with the king to improve the lot of the community), by Oba Animashaun on Wednesday as part of activities to commemorate the monarch’s 20th anniversary on the throne.
Mosier is also a member of the United States President’s Advisory Council on Doing Business in Africa (PAC-DBIA). The PAC provides analyses and recommendations to the U.S. government on strengthening commercial engagement between the United States and Africa. Jennings is a serial investor in Nigeria. He launched Renaissance Capital, currently a leading investment bank in the country, in 2006, and also launched RenMoney, a leading consumer finance bank, in 2012. Both men are the leading investors in Rendeavour.
Rendeavour, in partnership with the Lagos State government, is building Alaro City, a mixed-income city-scale development in the Lekki Free Zone. Alaro City is planned as a 2000-hectare development with industrial and logistics locations, complemented by offices, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares of parks and open spaces. In January, Ariel Foods, the largest ready-to-eat therapeutic food factory in Africa, launched the completion of its facility in Alaro City.
“Alaro City is packed with action and we want to encourage them. We still need to encourage more people to invest in Epe. We have land, sea and the lagoon. Epe is the fish basket of Lagos State: people come from various states to buy fish in Epe. Alaro City development just came up, but the momentum of investment is monumental because of what they are doing in housing, industrial areas and many more. Any developmental investor, who goes into housing, works and infrastructure, needs our support.”