FinDev Canada, a federal agency established during former Prime Minister Justin Trudeau's tenure, reportedly lost Ksh6.9 billion after investing in a struggling Kenyan company. An internal memo, withheld for over five years, revealed the agency failed to conduct due diligence before making the investments.

• The agency's initial investment was $10 million (Ksh1.2 billion) in shares of a door-to-door sales company.
• FinDev Canada later acquired additional shares totaling $43.4 million (Ksh5.6 billion).
• The Kenyan company incurred combined losses of approximately $138.6 million (Ksh17.9 billion) since 2018.