AfDB Approves EUR 90 million to support Kenya’s Mortgage Refinance Company

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Economy AfDB Kenya projects funding jumps to Sh48 billion Sunday, June 16, 2019 22:00 By VICTOR JUMA AfDB typically lends to governments and private companies, mostly to fund infrastructure projects such as roads and energy. FILE PHOTO | NMG The African Development Bank (AfDB) raised its funding approvals for Kenya projects by 37.7 percent last [.]

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Kenya Mortgage Refinance Company (KMRC), country’s new mortgage refinancing firm set up to help the many would-be homeowners who struggle to secure a mortgage, aims to raise 5 billion shillings (.41 million) on the capital markets in the next year or two, its chief executive said.