Housing Finance & Land Registries News

Kenya: KCB Bank Signs Deal With GDC to Offer Affordable Mortgage Financing


 | Source: Capital FM; All Africa

KCB Bank Kenya and Geothermal Development Company (GDC) have entered into a partnership that will enable employees of GDC across the country access affordable mortgage financing from the Bank.

Uganda Capital Market Urges Uptake of Reits


 | Source: The EastAfrican; All Africa

Uganda's capital markets regulator is pushing for more people to take up real estate investment trusts - a financial instrument that provides units of ownership in real estate assets to investors - to speed up sale of new buildings and widen investment choices for fund managers.

MFW4A partners with AUHF, CAHF, IFC and CRRH-UEMOA to build capacity of the Mortgage Finance Industry


Building viable and sustainable housing finance operations across the value chain and to all income segments in Africa

WAEMU: IFC to invest $9 million in housing sector


 | Source: Ecofin Agency

International Finance Corporation, World Bank’s subsidiary dedicated to private sector funding, will inject $9 million (CFA4.7 billion) in housing sector’s development in WAEMU area. The institution indicated this in a statement released Jan. 26, 2018.

Morocco: Bank loans to real estate sector stood at $22.3bn at the end of August


 | Source: Ecofin Agency

Overall loans granted by Moroccan commercial banks to the real estate industry stood at 211.7 billion dirhams at the end August 2017, thus a bit more than $22.37 billion. Year to year, this is up 4% compared to 2016.

Tanzania: Dar Gets New Lender in Housing Finance Market


 | Source: Tanzania Daily News; All Africa

A new mortgage financing firm, First Housing Company Limited, has been launched bringing into the market new affordable innovative mortgage products.

South Africa: Mixed Reaction From Real Estate Industry to Sarb Decision


 | Source: News24WIRE; All Africa

The decision by the SA Reserve Bank's Monetary Policy Committee on Thursday to keep the repo rate unchanged at 6.75% received a mixed reaction from the real estate sector.

Zimbabwe: Harare City Council, Banks in Housing Deal


 | Source: The Herald; All Africa

Harare City Council has partnered two local banks to develop residential stands for low-income earners around the city with an initial project targeting more than 1 200 stands.

Zimbabwe: POSB $5m Mortgage Fund Targets Low-Income Earners


 | Source: Financial Gazette; All Africa

The People's Own Savings Bank (POSB) has unveiled a $5 million mortgage loan facility for low-income earners.

Uganda: Banks Move to Close Uganda's Housing Gap


 | Source: The Monitor; All Africa

Uganda's housing deficit that currently stands at two million units continues to grow by 300,000 units per year, Housing Finance Bank (HFB) has said.

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