Uhuru Launches Mortgage Refinance Company For Cheap Homes – Biashara Leo Digital

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BY PSCU, President Uhuru Kenyatta has launched the Kenya Mortgage Refinance Company (KMRC), a financial institution whose sole function is to provide long-term loans to primary mortgage lenders. The move to provide long-term cheaper funding to primary mortgage providers including Banks, Microfinance Banks and Saccos is aimed at making mortgage cheaper for Kenyans.

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In a bid to improve access to quality affordable housing market, Nigeria Mortgage Refinance Company (NMRC) and Alpha Mead Development Company (AMDC) has signed a Memorandum of Understanding (MoU). The MoU will allow the two to work together on housing finance, training, research, advisory and project structuring to increase the stock of affordable housing in the country.

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BIASHARA LEO (BL) is a full colour, glossy monthly business and management magazine. It was launched in September 2007. Its target readership is individuals who are either practising or aspiring.