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US Bank Partners with Kenyan Company to Address Affordable Housing Shortage

2024-06-24 10:56:30.205000

Deputy President William Ruto's plan to create 1 million new homeowners in Kenya has gained momentum with the signing of a Memorandum of Understanding (MoU) between Atlanta-based Go Greenwood Bank and Kenyan company Finsco Africa. The MoU solidifies an investment partnership aimed at addressing the shortage of 150,000 housing units in Kenya. The collaboration follows Ruto's recent state visit to the US, where Finsco Consulting, a member of the Kenya National Chamber of Commerce and Industry (KNCCI), participated in the Prosper Africa Forum. Go Greenwood Bank plans to invest in Kenya's infrastructure, renewable energy, technology, and agriculture sectors, with a focus on affordable housing projects spearheaded by Finsco Africa. The partnership is expected to significantly bolster Finsco Africa's capacity to implement projects critical for Africa's growth and development. Finsco Consulting CEO John Mwaura expressed enthusiasm about the partnership, stating, 'This MoU signifies a major milestone for Finsco Africa. We are excited to collaborate with Go Greenwood Bank, whose investment will significantly bolster our capacity to implement projects critical for Africa's growth and development.' [dc83a942] [75f2e4fb]

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