Real estate consulting company, Finsco Africa, has signed a Memorandum of Understanding with the Co-operative Bank of Kenya to enhance access to financial solutions and drive investment in Kenya’s real estate sector.
The MoU seeks to open up new opportunities for individuals, investors, and developers seeking financing for property ownership, construction, and investment ventures. Finsco Africa provides financial & investment advisory, management consulting, and capacity building services.
The agreement comes at a time when Kenya’s real estate sector continues to play a significant role in economic growth, currently contributing 6.7% to the country’s GDP, up from 4.1% in 2020. Despite this growth, the majority of Kenyans (88.6%) still construct their homes over a long period of time, relying on personal savings rather than mortgage financing, due to limited access to structured financial solutions.
Speaking during the signing ceremony, Mr Japhet Ponda, the Head of Mortgage Finance at Co-operative Bank of Kenya, said the collaboration aligns with Co-op Bank’s mission to empower individuals and businesses through innovative financial solutions.
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“This collaboration directly supports the Affordable Housing agenda, with financing solutions aligned to the Kenya Mortgage Refinance Company (KMRC) framework. Eligible customers will benefit from low-interest, long-tenure mortgage options, making homeownership a reality for more Kenyans,” said Mr Ponda
According to Ponda, the partnership also extends to diaspora financing, offering customised mortgage solutions to Kenyans abroad who are seeking trusted, seamless ways to own property back home.
“We are not just financing property — we’re empowering dreams and building communities. 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. With the partnership, Co-op Bank and Finsco Africa are building more than houses — they are building a future,” he explained
Mr John Mwaura, Chief Executive Officer of Finsco Africa, welcomed the collaboration as a game-changer in bridging the gap between property development and financing.
“We are proud to partner with Co-operative Bank to bring integrated solutions that respond to the realities of today’s home buyers and real estate investors,” said Mr Mwaura. “The partnership will provide our clients with access to flexible and affordable financing options, while supporting our goal of delivering quality developments across the country.”
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