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.

Bennett Oghifo The Board of the African Development Bank has approved a EUR 90 million loan to support the establishment of the Kenya Mortgage Refinance Company (KMRC) to aid access to affordable mortgage loans by lower and middle income households.

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To support the establishment of the Kenya Mortgage Refinance Company ( KMRC), the African Development Bank (AfDB) has approved a 90 million euro loan,

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AHL Venture Partners leads an equity investment in Kenyan company Crop. Amethis Fund II, which collected EUR 375mn from more than 70 investors in Europe and Afri.. Vantage Capital supports Amethis and West Africa Emerging Markets.. African Development Bank approves US$ 15 million Equity Investment to.

The Bank has subscribed TRY 100 million (EUR 30.3 million) in Aksa Enerji A.S.’s latest TRY 200 million (EUR 60.5 million) local currency bond issuance. This issue is part of the company’s TRY 500 million (EUR 152 million) bond programme as approved by the Capital Markets Board of Turkey.

The World Bank today approved a $250 million International Bank for. operationalization of the Kenya Mortgage Refinance Corporation (KMRC) a largely. The project will also assist the Ministry of Lands and Physical Planning. that are estimated to provide almost 90% of Kenya's total housing finance.

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READ MORE: AfDB Approves EUR 90 million to support Kenya’s Mortgage Refinance Company "This transaction enables Mixta to finance affordable housing projects and extends the tenor of its debt portfolio.

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