September 3, 2026
ETB 100bn
The central bank and the IFC agree to build a mortgage refinance company
Baankiin Biyyoolessaa fi IFC dhaabbata liqii manaa hundeessuuf waliigalan
By The Ensight desk
A framework agreement signed in the presence of the prime minister establishes Ethiopia's first mortgage refinance company, capitalized at ETB 100 billion with an IFC contribution of at least US$200 million, against a target of 1.5 million homes over five years. It is the first institution designed to let Ethiopian banks fund long-dated housing loans without holding them all on their own books.
Source: Government Communication Service; ENA
Posted 28 Nehase 2018 E.C. · 11:00 EAT (5:00 Ethiopian time) · Published by Ensight (Mo Creatives)