Mortgage firm gets Sh603m from National Treasury to expand housing

Cabinet Secretary of Treasury John Mbadi at the 4th KMRC in Kisumu. [Courtesy]

The Kenya Mortgage Guarantee Trust will get some Sh603.1 million to boost housing finance for underserved and informal sector workers.

Cabinet Secretary for Treasury John Mbadi last week said the move complements KMRC's milestone of securing $300M in concessional funding from the World Bank and AfDB with Treasury support.