AMN PLUS-September 3, 2026
In a message shared on his official social media platform this morning, Prime Minister Abiy Ahmed (PhD) announced that he oversaw the signing of a landmark Framework for Cooperation between the National Bank of Ethiopia and the IFC to establish the country’s first dedicated Mortgage Refinance Company.
“Capitalized at 100 Billion ETB, with the IFC set to contribute a minimum of $200 million, this wholesale institution will resolve long-standing liquidity mismatches in our banking sector and unlock accessible mortgage financing across Ethiopia,” the Premier said.
According the Prime Minister, this partnership is a critical step toward realizing the goal of delivering 1.5 million affordable, dignified homes for Ethiopian families while expanding private-sector participation in the country’s financial system.
He reaffirmed Ethiopia’s commitment to building robust economy, stating, “Ethiopia continues to build a modern, resilient, and inclusive economy.”