By Eddah Waithaka
The Kenya National Chamber of Commerce and Industry (KNCCI) recently facilitated the signing of a remarkable Memorandum of Understanding (MoU) between FINSCO Consulting Limited, a platinum member of KNCCI, and GO GREENWOOD Bank LLC of Atlanta, Georgia (USA).
The MoU marks the beginning of a strategic partnership in which GO GREENWOOD Bank LLC will invest in various FINSCO AFRICA projects.
The partnership is a result of the recent historic state visit to the US by the Head of State H.E. Dr William Ruto in May 2024 in Atlanta, GA and Washington DC. FINSCO Africa was part of the Kenya National Chamber of Commerce and Industry private sector delegation representing
and property developers in Kenya and participated in the “Prosper Africa Forum” where they met with the Go Green Bank.
The event was held at the KNCCI headquarters in Nairobi and brought together key stakeholders from both organisations and the wider business community. This collaboration is aimed at improving the economic landscape of Africa through significant investment in various projects led by FINSCO Consulting Limited.
GO GREENWOOD Bank LLC, known for its commitment to financial inclusion and economic empowerment, has identified FINSCO AFRICA’s projects as key to driving sustainable development across the region.
These projects cover a range of sectors, including infrastructure, renewable energy, technology and agriculture, and are in line with the Bank’s strategic objectives to support transformative initiatives.
Mr John Mwaura, CEO of FINSCO Consulting Limited, expressed his excitement about the partnership, “This MoU is an important 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.”
Mr.Ray Glover, President of GO GREENWOOD Bank LLC, echoed these sentiments: “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 Kenya National Chamber of Commerce and Industry, underscored 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.”
The partnership between FINSCO Consulting Limited and GO GREENWOOD Bank LLC is expected to set a precedent for future investments and collaborations, contributing to the overall goal of sustainable development in Africa.
