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Development corporation mobilises Sh17b for industrial drive

Tally Einav, UNIDO Representative; Prof Erastus Gatebe, Industrialization Secretary at the State Department for Industry; CPA Norah Ratemo, Director General of the Kenya Development Corporation (KDC) and Joyce Njogu, Head of Consulting, Business Development and Sustainability, attend a dinner for the Kenya Industrialization Conference in Nairobi. [Brian Ngugi, Standard]

The Kenya Development Corporation  (KDC) says it has mobilised Sh17.3 billion over the past two years to fund an industrial transformation drive, aiming to bridge a long-term capital gap for businesses.

The state-owned development financier said 69 per cent of the funds had been channeled directly into industrial projects, with the remainder used to support other financial institutions through wholesale lending arrangements.

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