The Horn of Africa nation has made huge strides in recent decades, shaking off its history of famine and conflict to become one of the world's fastest-growing economies. Hugh Green started off with bugger all (although his family are busy trying to reduce the empire to bugger all) as did James Kirkpatrick. But he has been known, over the years, to break cover when he wants to get a point across. an interest in New Zealand society. Initiative, including the need for a capital gains tax. See the complete profile on LinkedIn and discover Stephen’s connections and jobs at similar companies. "There are valid reasons to be cautious," Jennings said. Peter Woodhouse. political parties. These days, his business activities are focused on Africa, where his land development firm, Rendeavour, is building large-scale satellite cities in Kenya, Ghana, Nigeria, Zambia and the Democratic Republic of Congo. Has Pushpay blown its pandemic opportunity? What I'd say to those [older, wealthier] people is we're storing up social and political problems that are going to come home and bite us.". The Taranaki-born entrepreneur helped build Portions of content provided by Tivo Corporation - © 2021 Tivo Corporation What's new. formed through the merger of the Business Roundtable and the Jennings was in Auckland this week giving speeches at AUT and to the NZ Initiative think tank that covered issues ranging from the economic challenges facing NZ to the business opportunities presented by Africa, which he thinks many Kiwi firms are overlooking. Jennings, the Taranaki-born economist and investor, has spent the past 24 years outside New Zealand. Jennings’ honey dipped critiques of a Government now facing the reality of a 30 year free market political experiment about to gut the middle classes is the same snake oil Key used in 2008. Will New Zealand seize the trade and employment opportunity arising from this dynamic new multi-polar world or will isolationist and protectionist policies prevail? Stephen has 3 jobs listed on their profile. Jennings said he wasn't concerned about people judging him over the money he made in Russia. Jennings conceded that he owned property in this country, and he wasn't young. Net worth: $980m, according to the 2015 NBR Rich List. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. think-tank. Last week, stuff.co.nz published an article regarding NZ businessman Stephen Jennings, and his business activities in Kenya and Russia. Certified Auckland Plumber servicing ALL Auckland areas and open 24 hours, 7 days a week. Partridge said Jennings will bring The Tatu City saga highlights some of the reasons New Zealand businesses might be reluctant to do business on the continent. Investment Banker. on many of the key challenges and opportunities facing New See the complete profile on LinkedIn and discover Stephen’s connections and jobs at similar companies. We pride ourselves on being a New Zealand based Helpdesk and Technical Support team with a preference for utilising New Zealand based products and services. – Expert Reaction, Flights Paused From Sydney To NZ – Expert Reaction, New Zealand Needs A National Strategy For AI. Photo / Doug Sherring. Using various sources, including Forbes and New Zealand’s’ NBR List, we present a list of the top ten richest people in New Zealand. Position: Founder and chief executive of African land development firm Rendeavour. Do you know who he is? It's a term I had heard before but hadn't understood until I heard New Zealand businessman, Stephen Jennings, speak at a New Zealand Initiative event. Stephen Jennings's former partners: Stephen Jennings's former wife is Tina Jennings. His […] "I achieved what I wanted to achieve without going to court," he said. Jennings, however, remains bullish on Africa's prospects. New Zealand Initiative High immigration is masking poor productivity: NBR Rich Lister Stephen Jennings Jennings, who made his $980m fortune in Russia and is now investing in Africa, calls on government to fix what he calls inequalities in education system. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. New Zealand richlister Stephen Jennings told TVNZ’s Q+A programme that high immigration is masking poor productivity. Lives: In the Cotswolds, Britain, with his wife Yulia and youngest daughter, Katya. See the complete profile on LinkedIn and discover Stephen’s connections and jobs at similar companies. Mr. Stephen Jennings; 0458 585 055; stephen@stephenjenningsassociates.com.au A sad note was that for the first time ever, Sir Ron himself could not attend due to ill health. 10. "It's very easy to say afterwards, 'These guys were cowboys, they got cheap assets', but they weren't cheap assets at the time.". JENNINGS, Stephen (Steve). First he pioneered capital markets in post-communist Russia. JENNINGS, Stephen (Steve). Jennings, 55, rebuilt Renaissance Capital - the Moscow-based investment bank he co-founded in 1995 - after the 1998 Russian financial crisis. The Western world is under stress and NZ should get in front of issues the US and UK is facing, says Stephen Jennings. in dire need of reform during a keynote speech to the NZ Stephen Jennings, the self-described maverick from Taranaki, once said sub-Saharan Africa was “a second once-in-a-lifetime opportunity.” Following his mouth with his money, Mr Jennings is the founder and majority shareholder of African property group Rendeavour, developer of seven new cities on 12,000ha of land in five countries. Stephen Jennings is one of New Zealand’s most successful entrepreneurs. The Commission considers that Genesis is likely to ... More>>, QV: Tax Changes Yet To Dampen Red-Hot Housing Market, Just over a month has passed since the Government announced measures aimed at dampening the rampant growth of the property market, and yet the latest QV House Price Index data shows the market hit a new high in April. Stephen Jennings says he isn't one for gloating. "Not the people who know what they're talking about and whose views I respect," he said. See the complete profile on LinkedIn and discover Stephen’s connections and jobs at similar companies. View Stephen Jennings’ profile on LinkedIn, the world’s largest professional community. Kiwi billionaire Stephen Jennings joins NZ Initiative board. more recently established Africa's largest urban development "Economically they have achieved a lot, but it has come at a price," Jennings said. It has been held up by years of bitter legal wrangling between the international investors in Tatu and their powerful Kenyan business partners. Genesis reported the errors to the Commission. Jennings wouldn't reveal a figure on the Fairfax settlement, meanwhile, saying only that it was a "substantial sum". Rich List estimated his wealth at $1.2 billion. report on productivity which identified 20 to 30 areas where Stephen Jennings, the New Zealand-born founder and chief executive of Moscow-based investment bank Renaissance Capital, is setting up a consumer finance business in Nigeria with hopes to tap the fast-growing economy’s rising… Business | Financial. He will join chair Roger View Stephen Jennings’ profile on LinkedIn, the world’s largest professional community. "That could be us next year.". "I think we have to put ideological, left/right differences behind us.". Beloved husband of Jillian, and a dearly loved Dad, Grandad and Great-Grandad. Sept. 20 Stephen Jennings sees many opportunities for New Zealand companies in Africa, especially in agriculture. "That's the big mistake I made in Russia.". Stephen Jennings' firm Rendeavour is building satellite cities in Ghana and other African nations. He was due in the High Court next week for the defamation case he filed against Fairfax Media over an article last year about his business activities in Kenya and Russia, but settled the matter out of court last week. Stephen Jennings is the Founder and CEO of Rendeavour. New Zealand Institute in 2012. Zealand,” Jennings said. A New Zealand billionaire has spoken out against myths and self-interest in what could be a turning point for dismantling some of the myths about the country.. "Kiwi oligarch" Stephen Jennings, wrote a foreword for the book Own Your Own Future written by ACT leader David Seymour. That's illustrated by the fact he can usually walk along the beach at Oakura, on the coast near New Plymouth, without being recognised as a pioneer of emerging markets finance and one of NZ's richest people. Contact Stephen on 0274 743 729 Regards Stephen. Somehow ended up on the Chairman’s tables so was only three metres away from the podium. On Thursday 14 July, the Initiative hosted Stephen Jennings for a dinner lecture. More>>, The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks, Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. While governance has improved across Africa in recent decades, he said Rendeavour was still cautious when it came to dealing with governments with poor track records around democracy and human rights. Things didn't turn out that way, though. On Thursday 14 July, he will deliver The New Zealand Initiative’s dinner lecture. Sign and view the Guest Book, leave condolences or send flowers. I didn't, and it's sadly indicative of my world that I know more about Naz from The Bachelor than I do about Stephen Jennings. Stephen has 4 jobs listed on their profile. Stephen has 3 jobs listed on their profile. At Waikato Hospital on 11th June 2019; after a brief … Stephen Jennings and Associates Pty Ltd. 52D Springrove Lane Kurrajong Hills NSW 2758. We have a wide range of plumbing services which includes hot water system installations, drainage, roofing, and bathroom renovations. The New Zealand Initiative (formerly the Business Round table) led by Oligarchical Stephen Jennings whose kudos include helping finance John Keys 2008 election win, plunder perestroika Russia for Foreign Investors, and Smart Cities in Africa where and other developers have being accused of using abusing infrastructure investment to privatise entire nations, is now looking to… Surface Laptop Go; Surface Pro X; Surface Go 2; Surface Book 3 Stephen Jennings is a spotswood college old boy. The year before he identified six areas Aged 71 years. Net Worth: $980 Million Source: Investment. Stephen Jennings was once the richest New Zealander in the world, worth $5.2 billion in 2008, according to Forbes. More on all of that later, but for now, back to Moscow, circa 1992. Investment banker Stephen Jennings says the failure to address such sacred cows is motivated by "myths and self-interest". "Private ownership was illegal when I first went there ... entrepreneurship was illegal. Central banks responded swiftly to the global ... More>>, Community Invited To Join The Hemp Revolution. Friday's Guest Top 10. by Oliver Hartwich. Juha Saarinen: Encryption is not a criminals-only tool, Market close: Govt policy may be stifling offshore investment. "It was a bit of an unfortunate situation but it's been good to put it to bed and move on.". Chapman, Chris Quin, Linda Meade, John Judge, Matthew Last year his foreword Was a real privilege to listen to Stephen Jennings deliver the annual Sir Ron Trotter dinner last night. Partridge, executive director Oliver Hartwich, Barbara But human rights groups say the Ethiopian Government has a dismal record in areas such as freedom of expression and political opposition. Stephen Jennings. "I don't want to gloat because I have a lot of affection for Russia, but yes, I'm lucky I'm not doing business there at the moment," he said. "But what about our children and grandchildren and people on low incomes who have no hope of buying a house? He also said low productivity growth, weak global linkages and rising inequality, particularly in the education system, were major issues facing this country. ... Ancestry and Genealogy. Despite 21st Jun 19, 5:22pm. Stephen Jennings joins The NZ Initiatives' Board of Directors, The National Business Review, 20 September 2018. Chief Executive Officer. "The Initiative’s methodological, fact-based approach by Gareth Vaughan. 18 January 2012. “Within 10 years the number of new homes ... More>>, The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research, A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. In 2012 he sold his remaining 50 per cent stake in Renaissance, 20 years after he arrived in Russia on a mission to carry out its first privatisation (of a biscuit factory) following the collapse of the Soviet Union. Before leaving NZ, he was heavily involved in the Rogernomics-era economic liberalisation through roles in the Treasury and private sector. 27th May 16, 10:00am. Stephen Jennings. one of the biggest Russian investment banks - Renaissance Occupations. This week it released a For more than 20 years, the Taranaki-born economist and investor has been living and working in emerging markets. Jennings told the Business Herald Russia was "extremely unfashionable" in investment banking circles when he first ventured there amid the financial anarchy following the Soviet Union's demise. "What we'd never do in Ethiopia is go into a situation where the Government forcibly removed people from the land ... that's happened in a number of cases and we'd never go into a situation like that.". You have to be very determined.". "I think I'm just focusing on outcomes," he says. Join Facebook to connect with Stephen Jennings and others you may know. More>>, Reserve Bank: Concerned About New Zealand's Rising House Prices, New Zealand house prices have risen significantly in the past 12 months. Jennings was a Russia bull, telling a conference in 2006 that pressure from a new generation of "often internationally trained business people and entrepreneurs will ultimately become irresistible". Stephen has 4 jobs listed on their profile. View Stephen Jennings’ profile on LinkedIn, the world’s largest professional community. He said our tax rules "favour the old and rich" and rising house prices and immigration-fuelled economic growth were masking an "iceberg that lies ahead". Jennings said the proceeds of the settlement would be donated to charities in Africa and Taranaki. At Waikato Hospital on 11th June 2019; after a brief illness. "He had enormous energy and focus - focus some people would almost regard as frightening," Cameron said, adding that Jennings was "quite comfortable" when it came to risk-taking. Shooting in Russia kills 7 students, 1 teacher; suspect arrested, Executive principal, deputy principal absent from private school, No changes to transtasman bubble after Melbourne Covid-19 case, public health risk low. Why localism is NZ's best option, The National Business Review, 20 September 2018. pursuing his career overseas, Jennings has continued to take "Until around 2005/2006 I thought that civil society and business would be too strong and the powers of autocracy and centralisation would be overwhelmed," Jennings said. Stephen Jennings is on Facebook. "You had to be quite crazy and incredibly determined because every little thing you wanted to do was 100 times harder than in a normal environment.". In his he said he believes that strong… By Gareth Vaughan. Managing Director ... Stephen Jennings . He said he didn't have any political ambitions and planned to stay in business long-term with Rendeavour. Even under the lowest emissions scenarios, the future of reefs is not bright. to policy is ideally placed to improve public understanding and education "matters of national shame" for the major valuable insights to the group's work. You just couldn't miss his intensity, in particular the intense eyes.". But given the sad state of the Russian economy, the result of sanctions linked to the war in Ukraine and the oil price slump, the Taranaki-born Rich Lister is happy to have severed ties with the country in which he made his fortune. UK-based Jennings is a regular in the international business press but keeps a remarkably low profile in NZ. Trivia. He had to pick up the pieces again after the Global Financial Crisis. But Jennings said that situation was an isolated one for Rendeavour. think-tank's board. Stephen Jennings is the exact same dead eyed neoliberal warlord that John Key is. How well is the Government spending our money, Kiwiblog, 18 September 2018. By Paul McBeth. Jennings said there were many opportunities for NZ … Last year's National Business Review Rich List estimated his wealth at $980 million. Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search, Kiwi billionaire Stephen Jennings joins NZ The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience. So is the arch-capitalist Jennings, the free-market economist, turning into a socialist, of sorts? The average value increased 8.9% nationally ... More>>, Stats NZ: Consents For New Homes At All-Time High, A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. "They are fast-growing, the opportunities are often poorly understood and the competitive landscape is usually weak. He said social inequality could start manifesting itself in NZ politics in a similar manner to the upheaval taking place in Britain following last month's Brexit vote and the rise of United States presidential hopeful Donald Trump. "There's no doubt that the Africa rising narrative was right and there's no doubt in my mind that it's going to continue for a very long time.". He said he decided to settle when he received an "acceptable" offer from Fairfax. "We are sleepwalking into an economically ugly place.". 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