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

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15/05/2019 – The Board of the African Development Bank on 15 May 2019 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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The African Development Bank (AfDB) on Tuesday, announced that its annual climate financing will triple to $5-billion dollars a year by 2020, which will increase its total new investments to 40% by 2020.

According to him, the ownership of the bank remains in the hands of the shareholders, stressing that the CBN does not own the bank and has not taken over the bank, saying the CBN was fully behind the.

It thus cost a colossal loss of over N500 million. Consequently, it triggered legal action. Commending Governor Akinwumi Ambode for his continued support to the agency, Sanusi assured that LASAA.

Members of the Senate Committee on Land Transport and Foreign and Local Debt have expressed delight with the progress of the Lagos-Ibadan railway modernisation project. The National Assembly.

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According to the agreements, China will provide 3 million Yuan (US$500) worth of anti-malaria drugs, ensure maintenance of facilities of the Samuel Kanyon Doe Sports Complex, the elevator at the Ministry of Foreign Affairs and maintenance of facilities of the University of Liberia Fendall Campus which they constructed at the cost of US$28 million.

 · Microfinance institutions (MFIs) continue to play a vital role in Africa’s financial landscape. The demand for HMF is strong. It is estimated that between 15 and 40 percent of microfinance loans are diverted toward housing purposes (Kihato 2013; HfH 2011).

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.