Kenya National Chamber of Commerce and Industry Hosts Landmark MoU Signing Between FINSCO Consulting Limited and GO GREENWOOD Bank LLC

In a significant move to bolster the economic landscape of Africa, the Kenya National Chamber of Commerce and Industry (KNCCI) hosted a landmark Memorandum of Understanding (MoU) signing between FINSCO Consulting Limited and GO GREENWOOD Bank LLC.

This strategic partnership is set to drive substantial investments into various FINSCO AFRICA projects.

The signing ceremony, held at the KNCCI headquarters in Nairobi, brought together key stakeholders from both organizations and the broader business community. This collaboration follows the historic state visit to the USA by Kenya’s Head of State, H.E. Dr. William Ruto, in May 2024, where FINSCO Africa was part of the KNCCI private sector delegation at the “Prosper Africa Forum” in Atlanta, Georgia.

GO GREENWOOD Bank LLC, a bank renowned for its commitment to financial inclusion and economic empowerment, has identified FINSCO AFRICA’s projects as vital to driving sustainable development across the region. The projects span multiple sectors, including infrastructure, renewable energy, technology, and agriculture, aligning with the bank’s strategic goals to support transformative initiatives.

Mr. John Mwaura, CEO of FINSCO Consulting Limited, expressed his enthusiasm about the partnership, stating, “This MoU signifies a major milestone for FINSCO AFRICA. We are excited to collaborate with GO GREENWOOD Bank LLC, whose investment will significantly bolster our capacity to implement projects that are critical for Africa’s growth and development. We believe this partnership will not only bring financial benefits but also foster innovation and sustainable practices.” Mwaura stated

Ray Glover, President of GO GREENWOOD Bank LLC, echoed these sentiments, saying, “Investing in Africa’s future is at the core of our mission. We are thrilled to partner with FINSCO Consulting Limited, a leader in driving impactful projects. Our joint efforts will pave the way for new opportunities and contribute to the prosperity of communities across the continent.”

Dr. Erick Ruto, President of KNCCI, highlighted the importance of such collaborations: “Today’s signing is a testament to the vibrant and growing economic relationship between Kenya and international investors. KNCCI is dedicated to fostering an environment where businesses can thrive through strategic alliances. We look forward to witnessing the positive outcomes of this MoU.”

In another effort to boost the Kenyan business landscape, FINSCO Africa and KNCCI have also entered a partnership agreement aimed at catalyzing growth, innovation, and resilience among Kenyan enterprises, particularly small and medium-sized enterprises (SMEs). This partnership leverages FINSCO Africa’s expertise in financial solutions and KNCCI’s extensive network and advocacy to enhance financial inclusion and support business development across Kenya.

Recognizing the challenges SMEs face in accessing affordable financing, the partnership will introduce tailored financial products and services designed to meet the unique needs of these businesses. Additionally, through training programs, workshops, and advisory services, the partnership aims to equip businesses with the skills and knowledge necessary to scale and succeed, while connecting local businesses with regional and international markets.

FINSCO Africa will roll out innovative financing solutions specifically tailored for SMEs, including micro-loans, credit facilities, and digital financing platforms that simplify access to funds. KNCCI will lead a series of initiatives to support this rollout, underscoring its commitment to fostering an environment where Kenyan businesses can thrive.

This collaboration between FINSCO Consulting Limited and GO GREENWOOD Bank LLC is expected to set a precedent for future investments and partnerships, contributing significantly to the overarching goal of sustainable development in Africa.