NMB SHATTERS NATIONAL CORPORATE PROFITABILITY RECORDS WITH TZS 1.1 TRN PRE-TAX PROFIT
NMB BANK BECOMES THE FIRST IN TANZANIA TO LAUNCH WEARABLE PAYMENTS
STANBIC BANK SUPPORTS CRDB BANK AL BARAKAH SUKUK ISSUANCE AS CO-LEAD ARRANGER
CRDB BANK MAKES HISTORY, RECEIVES DIFC REPRESENTATION OFFICE CERTIFICATE IN DUBAI
The 2025 AUHF Conference Report is now live!
HFC Group
Introduction
About HFCB
HFCB is an integrated financial solutions provider that is registered as a non–operating holding company (under the Banking Act Cap. 488) and regulated by the Central Bank of Kenya (CBK). The Group, previously known as Housing Finance, commenced operations on November 18th, 1965, and has transitioned from being a mortgage financier to a provider of integrated financial solutions with interests in Personal Banking, SME and Commercial Banking, Trade Finance, Diaspora Banking, Treasury as a business, property finance, and insurance. HFCB is a public limited company, listed
at the Nairobi Securities Exchange since 1992.
The company restructured its business and rebranded in August 2015, transforming from a single entity – Housing Finance, to the non-operating holding company, HFCB, with five subsidiaries:
* HFC – Full-service banking
* HFDI – Property development and investment
* HF Bancassurance Intermediary – Bancassurance
* HF Foundation – Corporate Social Investment
* First Permanent – Currently not trading
In 2024, HFCB successfully completed a Rights Issue, which was oversubscribed by 38.32%. The capital raised through this exercise served to strengthen core capital for the Group’s banking subsidiary, HFCB. The company’s shares, currently trading at Kes 8, reflect a remarkable 100% appreciation from the rights issue price of Kes 4, underscoring the market’s confidence in HFCB’s long-term growth prospects.
In February 2025, HFCB was added to the prestigious MSCI Frontier Markets Small Cap Index, which serves as a key performance indicator for investors tracking emerging markets. HFCB’s addition to this index affirms the Group’s commitment to strengthening its market position, driving sustainable growth, and creating long-term value for shareholders.
ZEP-RE (PTA Reinsurance Company)
Introduction
About ZER-RE (PTA Reinsurance Company)
ZEP-RE (PTA Reinsurance Company) is a leading reinsurer in Africa and a specialised institution of the Common Market for Eastern and Southern Africa (COMESA). The company was established in 1990 through an Agreement of Heads of State and Government of the then Preferential Trade Area, a precursor to COMESA, to develop the insurance and reinsurance industries and support capacity building.
With 20 African signatory member states, our shareholding as of 31 December 2024 comprises of eight (8) governments, seventeen (17) government-related entities, 14 private insurance /reinsurance companies, two (2) COMESA organisations, and two (2) DFIs.
ZEP-RE has established a network of regional hub offices and contact offices to serve its footprint in COMESA and beyond. With three regional hubs in Nairobi (also the headquarters) serving East and Central Africa, Harare (Zimbabwe) serving Southern Africa, and Abidjan (Cote d’Ivoire) serving West Africa & CIMA region, and 5 country offices in Lusaka (Zambia), Kampala (Uganda), Addis Ababa (Ethiopia), Kinshasa (D.R. Congo), & Kigali (Rwanda). Furthermore, ZEP-RE operates a Retakaful Window out of its office in Khartoum (Sudan).
TWO PART WEBINAR SERIES: AUHF MASTERCLASS
This is a 2 part Master Class on Leverage Financing: Performance-Based Contracts (PBC) for Housing & Water Infrastructure Modernization organised by the African Union for Housing Finance (AUHF).
Together with our facilitator, Kecia Rust (CAHF), and expert speakers Mwarigha (WoodGreen, Canada) and Eric Mwandia (Earthview, Kenya), part 1 explored how PBCs can unlock financing for housing and water infrastructure modernization.
Jobo Africa
Introduction
About Jobo Africa
Jobomax and Jobo Africa have been active since 2014 across multiple West African countries (including Cameroon, Guinea, Ghana, and Sierra Leone) developing modern, high-quality, and affordable homes. To date, we have sold over 140 homes and financed more than 115 through our affiliated financing partners. Leveraging our related entities, Kola Global, US-Africa Housing Finance (USAHF), and Diaspora Funding Partners (DFP), Jobo Africa operates a uniquely integrated platform that streamlines financial qualification, home financing, construction oversight, leasing, and property management. All of these services are delivered through our proprietary technology platform, Kola Global.
Jobo Africa markets homes to members of the West African diaspora, private sector professionals, employee cooperatives, and other local buyers. We offer three core benefits that are difficult to find elsewhere in the region: security of investment, high-quality construction, and access to tailored financing. Over the next two years, Jobo Africa plans to expand into four to five additional countries.
Crédit Foncier du Cameroun (CFC)
Introduction
About Crédit Foncier du Cameroun (CFC)
Crédit Foncier du Cameroun (CFC) was established in May 1977 to address Cameroon’s growing housing deficit amid rapid urbanization and economic growth. As part of a broader government initiative that included creating the Ministry of Town Planning and Housing (MINDUH), MAETUR (for land development), and the restructuring of the Société Immobilière du Cameroun (SIC), CFC’s role was to provide long-term housing finance.
Initially, this coordinated institutional framework aimed to manage urban growth and increase housing supply. However, over the decades, urban expansion accelerated, economic liberalization and decentralization introduced new actors like private and real estate developers, and urban poverty worsened, making housing less accessible—especially for low-income populations.
Despite these shifts, CFC remains a crucial institution, being the only one offering long-term financing for housing, supporting both institutional players and individuals under competitive market conditions.