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Kenya’s Mortgage Financier Eyes 2026 for Bond Issuance Amid High Interest Rates

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Herald Aloo

Herald Aloo, a journalist based in Nairobi, covers Kenya's economy, focusing on banking, and energy.
  • KMRC delays capital raise to 2026 due to harsh market conditions
  • Interest rates of 17-18% prevent affordable bond issuance for the firm

Nairobi, Kenya – Kenya Mortgage Reinsurance Company (KMRC) is eyeing 2026 as the earliest window to raise fresh capital, aiming to tackle the low urban homeownership rate, which currently stands at just 21.3% penetration in urban areas.

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