Renaissance Plans Congo City Bigger Than Kenya’s $5 Billion Tatu

Renaissance Partners, the investment unit of Moscow-based Renaissance Group, plans to build a 6,400-acre city in the Democratic Republic of Congo as it seeks to benefit from Africa’s urbanization.

The Russian firm is working on a master plan for the new urban center after securing the land outside Lubumbashi, the country’s second-largest city, Arnold Meyer, Renaissance Partners’ managing director in charge of real estate in Africa, said in an interview in London. Renaissance is considering similar projects in Ghana, Nigeria, Senegal and Rwanda, he said.