KMRC to float bond to fund low-cost housing

The National Treasury and Planning CS Ukur Yattani leaving treasury building to present the Financial Year 2021/2022 budget at Parliament Buildings, Nairobi. June 10, 2021. [Jonah Onyango, Standard]

The Kenya Mortgage Refinance Company (KMRC) is expected to issue a bond by October 2021 to raise additional financing for low-cost housing.

It will also issue a bond to finance climate-friendly housing projects, Treasury Cabinet Secretary Ukur Yatani said yesterday.