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KDC Director General Norah Ratemo says the financing programmes are designed to unlock investment and strengthen enterprise growth. [File, Standard]
The Kenya Development Corporation (KDC) has unveiled a pipeline of financing programmes worth more than Sh18.5 billion and over Sh51.8 billion ($400 million) aimed at expanding access to long-term capital for businesses, in a move expected to accelerate industrialisation and support the growth of small and medium-sized enterprises (SMEs).
The State-owned development finance institution said the funding will be mobilised through a series of ongoing and proposed initiatives targeting key sectors of the economy, including manufacturing, automotive, climate finance and SMEs.
Speaking during KDC’s inaugural Customer Networking Forum in Nairobi, Director General Norah Ratemo said the financing programmes are designed to unlock investment, strengthen enterprise growth and create jobs while positioning businesses to tap regional and international markets.
