THE STANDARD By
Dominic Omondi |
December 18th 2020 at 00:00:00 GMT +0300
The Kenya Mortgage Refinance Corporation (KMRC) will issue a corporate bond in the third quarter of 2021, as it moves to raise money for low-cost houses.
Chief Executive Johnstone Olteita said an interview with The Standard that the company would be seeking to raise between Sh2 billion and Sh3 billion next year, but did not give further details.
Because KMRC is new, it has signed an agreement with African Development Bank (AfDB) for credit enhancement as a kind of security for the bond.
It will also get support from the World Bank and its private investment wing, International Finance Corporation.
Treasury plans Sh100bn SME loans cover entity
Tuesday December 15 2020
By CONSTANT MUNDA
Summary
The planned entity, which will take a similar approach as the Kenya Mortgage Refinance Company for home loans, targets to partially cover Sh100 billion in loans extended to cash-strapped micro-, small- and medium-sized enterprises (MSMEs).
The Treasury plans to help set up a private sector-led company to de-risk lending to credit-starved small traders after the successful launch of a similar firm for homeowners.
The planned entity, which will take a similar approach as the Kenya Mortgage Refinance Company for home loans, targets to partially cover Sh100 billion in loans extended to cash-strapped micro-, small- and medium-sized enterprises (MSMEs).
Kenya: Treasury Plans Sh100bn SME Loans Cover Entity allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
THE STANDARD
FINANCIAL STANDARD
HF Group Chief Executive Officer Robert Kibaara,during interview [Edward Kiplimo,Standard]
A sliced birthday cake is placed on a broad table in a boardroom on the second floor of Rehani House that houses Housing Finance’s (HF) headquarters.
It is Chief Executive Robert Kibaara’s birthday, and it is only befitting that he makes a wish on his big day.
“When I will be having my birthday in the next two to three years, I want this company to be a successful, full-service and digitally inclined bank,” Kibaara told Financial Standard last week.
It has been a long journey to the top for the man who now runs a firm with an asset base of Sh56.4 billion, having started off as a teller at a Barclays Bank (now Absa) branch in Narok some 25 years ago.
THE STANDARD
NAIROBI
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