Ethiopia, IFC Sign Framework for First Mortgage Refinance Company
The National Bank of Ethiopia and IFC signed a cooperation framework on September 3 to establish Ethiopia’s first mortgage refinance company, which official reports say would be capitalized at 100 billion birr.
In short
- The National Bank of Ethiopia and IFC signed a cooperation framework on September 3 to establish Ethiopia’s first mortgage refinance company, which official reports say would be capitalized at 100 billion birr.
Ethiopia’s National Bank and the International Finance Corporation signed a cooperation framework on September 3, 2026, to establish the country’s first dedicated mortgage refinance company.
Prime Minister Abiy Ahmed oversaw the signing in Addis Ababa. Ethiopian state media reported that the planned company would be capitalized at 100 billion birr.
A mortgage refinance company provides longer-term funding to mortgage lenders, helping financial institutions expand the availability and duration of home loans. The initiative is intended to add new financial infrastructure in a market where housing demand has grown faster than both supply and access to long-term finance.
The announcement establishes a framework for cooperation rather than confirming that the company is already operating. Further details on its ownership, launch timetable, funding structure and eligibility rules were not included in the source material available to AddisMizan.
