May 19, 2020

The land prices at Tatu City rise to Sh10.5mn per quarter acre

kenya
Tatu City
Kiambu County
professo
2 min
The land prices at Tatu City rise to Sh10.5mn per quarter acre

The land prices at Tatu City, the 5000-acre multi-use infrastructure, have increased to Sh10.5mn (US$102,060) per quarter.

The price has risen by almost a third over the past 18 months as the American firm, Rendeavour, received a high demand for sales.

The developer announced on 18 January that it has sold 148 plots in 2017 to individuals buyers, which accounted for almost 50% of all sales over the prior three years.

Tatu City, located in Kijani Ridge in Kiambu county, will serve as a satellite city featuring high-end homes, private schools, offices, shopping malls, hospitals, hotels, light industries, and entertainment spots.

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The land cost was previously selling at Sh8mn ($77,760) per quarter acre, but has now reached Sh10.5mn, with half an acre of land selling for Sh16mn ($155,520), up from between Sh12.5mn ($121,500) and Sh14mn ($136,080).

“What we are offering is a fully functional satellite city where people live, learn, work and play, something a kin to South Africa’s Sandton,” stated Mr Langford, Country Head of Rendeavour.

The Kijani Ridge is subdivided into 439 plots, 74% of which have been sold, at 326 plots.

Out of the 326 plots, 186 cover a quarter of an acre, and the remaining 140 cover half an acre.

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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