Nairobi — In a significant development for Kenya’s property market, Finsco Africa and the Co-operative Bank of Kenya have signed a Memorandum of Understanding (MOU) aimed at accelerating real estate investment and expanding financial inclusion across the country.
The new partnership seeks to unlock access to affordable financing for aspiring homeowners, investors, and developers. With Kenya’s real estate sector now contributing 6.7% to the national GDP—up from 4.1% in 2020—the collaboration comes at a time of tremendous growth, yet persistent financial barriers for many Kenyans.
According to the deal, eligible customers will benefit from low-interest, long-tenure mortgage solutions aligned with the Kenya Mortgage Refinance Company (KMRC) framework. Notably, the initiative also caters to the Kenyan diaspora, offering customized mortgage products for those seeking to invest in property back home.
“We’re not just financing property—we’re empowering dreams and building communities,” said Japhet Ponda, Head of Mortgage Finance at Co-operative Bank. “Whether you’re a first-time buyer, an investor, or living abroad, this partnership brings you one step closer to owning a home you can call your own.”
Finsco Africa CEO John Mwaura described the MOU as a game-changer in bridging the gap between development and accessible financing. “Our collaboration with Co-operative Bank delivers integrated, flexible solutions tailored to today’s buyers and investors,” he said. “Together, we’re ensuring quality developments are not just built—but lived in.”
The deal is also expected to create jobs and stimulate economic activity through increased real estate development.
Finsco Africa, known for strategic land acquisition and infrastructure-led growth, reaffirmed its commitment to building sustainable communities. Meanwhile, Co-operative Bank continues to cement its position as a leading financial partner with over 200 branches across Kenya and a strong presence in the region.
For more information, visit www.finscoafrica.com or www.goodhome.co.ke.
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