@mahi.updates: Ethiopia’s 100 Billion Birr Mortgage Refinance Company Explained Ethiopia is moving to establish its first Mortgage Refinance Company. • Planned capital: 100 billion birr • IFC is expected to contribute at least $200 million • The company is not mainly designed to lend directly to homebuyers • Instead, it provides long-term funding to banks and mortgage lenders • Banks can then use that funding to support more mortgage lending • One way the refinance company can raise money is through bond issuance • Pension funds, insurance companies, banks and other institutional investors can invest in those bonds • In simple terms: Investors → Mortgage Refinance Company → Banks → Homebuyers • Similar mortgage refinance models already exist in countries including Kenya and Tanzania • The new system could improve access to long-term mortgage finance, but it does not automatically mean cheap mortgages #update #mortgage #ቤት #IFc #viral

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Saturday 05 September 2026 06:06:35 GMT