He set a goal of providing 500,000 new affordable homes by the end of this year and made it one of his top four priorities. The non-deposit taking Kenya Mortgage Refinance Corporation (KMRC), which is jointly owned by commercial banks, savings cooperatives and the state, said it was offering 1.4 billion shillings as the first tranche of the bond.
NAIROBI Kenya’s first mortgage refinancing company is selling a 10.5 billion shilling ($93 million) medium term note, whose proceeds will be lent out to…