Banking · BaankiiSeptember 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

A four-storey apartment block with louvred balconies above a busy Addis Ababa street
The Chroniclers · CC BY-SA 4.0

An apartment block in Addis Ababa. Illustration.

ByThe Ensight deskCompiled from the sources named · 1 min read

Posted 28 Nehase 2018 E.C. · 11:00 EAT (5:00 Ethiopian time) · Published by Ensight (Mo Creatives) · Photograph The Chroniclers · CC BY-SA 4.0

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

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