Kenya Mortgage Refinance Company to raise 5 billion shillings to help drive mortgage lending – Footprint to Africa

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aims to raise 5 billion shillings ($49.41 million) on the capital markets in the next year or two, its chief executive said. The government said last year it would set up the Kenya Mortgage Refinance.

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In light of this, we update our Kenya Mortgage Refinancing Company Note, first released in April 2018, where we introduced the facility and its main functions, highlighted the successes of other mortgage refinance companies in Africa, and emphasized on the conditions necessary for the KMRC to thrive. In this topical we will, therefore, focus on.

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Dubai’s Tamweel to raise USD235m from mortgage-backed sukuk Dubai’s ENOC eyes 140,000 bpd capacity for Jebel Ali refinery Abu Dhabi’s Aabar, Hard Rock enter into hospitality venture

Excerpt from Africa Housing Finance Yearbook 2016 Overview Kenya has gradually emerged from political instability and an economic slowdown as one of Africa’s most developed countries and among fastest growing economies in the world. International Investors are optimistic, market sentiments on the Kenyan economy are upbeat (for example, see Deloitte’s Economic Outlook 2015) and the country.

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