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Originally published by The Standard BusinessNovember 10, 2025
2h ago
Development corporation mobilises Sh17b for industrial drive
The state-owned development financier said 69 per cent of the funds had been channeled directly into industrial projects...
✨ Key Highlights
The Kenya Development Corporation (KDC) has mobilized Sh17.3 billion over the past two years to fuel an industrial transformation drive, aiming to close a long-term capital gap for businesses. The state financier has seen 81 percent fund uptake, demonstrating strong demand for industrial financing.
- Over Sh17.3 billion has been mobilized by KDC, with 69 percent directed to industrial projects and the remainder supporting other financial institutions.
- CPA Norah Ratemo, Director General of the Kenya Development Corporation (KDC), highlighted the strong demand, with fund uptake at 81 percent.
- KDC, formed in 2021, is championing green and inclusive industrialization by promoting viable industrial clusters in peri-urban and rural areas.
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