Regulator caps private stake in mortgage firm

Central Bank of Kenya says the non-deposit taking financial institution will increase availability of mortgage loans. [File, Standard]

Commercial banks have been restricted from owning more than 25 per cent of the Kenya Mortgage Refinance Company (KMRC).

This is as the Government starts putting in place structures that will operationalise the entity expected to play a critical role in enabling Kenyans to buy affordable homes.