Kenya Development Corporation (KDC)

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Overview

website
info@kdc.go.ke

The Kenya Development Corporation (KDC), established in November 2020, serves as a key financial institution aimed at promoting socio-economic development in Kenya. Its mandate includes providing long-term financing and advisory services to various sectors, particularly where commercial banks cannot meet funding needs. KDC plays a crucial role in industrial growth, tourism, and infrastructure development, facilitating investments that enhance economic stability. By supporting micro, small, and medium enterprises (MSMEs), KDC fosters innovation and job creation, contributing to Kenya’s overall economic progress and prosperity

CEO: Norah Buyaki Ratemo

Norah Buyaki Ratemo is the Director General of the Kenya Development Corporation. She holds a Master’s degree in Economics and has significant experience in public finance and development. Ratemo has played a vital role in steering KDC towards achieving its mandate of promoting socio-economic growth in Kenya

Management Team

Norah Buyaki Ratemo

Director General

Faith Nene

Director, Strategy, Research, Policy, and Innovation

Grace Magunga Legal Services/

Corporation Secretary

Patricia N. Gachungi

Manager, Supply Chain Management

Herman Gacugi

Manager, Risk Management and Compliance

Board of Governors

Dr. Sakwa Bunyasi

Chairman

Norah Buyaki Ratemo

Director General

Faith Mwaura

Board Member.

Sigee Koech

Board Member.

Caroline Muigai

Board Member.

Benjamin Muketha

Board Member.

Judith Kerich

Board Member.

PS Abubakar Hassan Abubakar

Representative from the State Department for Investments Promotion

Michael A. Kahika

Alternate Director for the Cabinet Secretary, National Treasury

Functions

  • .Long-term Financing: Providing financial support to medium and large-scale industries for development projects.
  • .Investment Advisory Services: Offering expert guidance on investment opportunities and project viability assessments.
  • .Infrastructure Development: Supporting infrastructure projects that promote economic growth and sustainability.
  • .Sectoral Support: Focusing on sectors such as tourism, manufacturing, and agriculture to enhance productivity.
  • .Policy Formulation: Contributing to the formulation of policies that promote investment and economic development.
  • .Capacity Building: Providing training and support to micro, small, and medium enterprises (MSMEs) to foster growth.
  • .Public-Private Partnerships (PPPs): Facilitating collaborations between the public and private sectors to finance development projects.
  • .Risk Management: Implementing strategies to assess and mitigate risks associated with investments.
  • .Monitoring and Evaluation: Evaluating the impact and effectiveness of funded projects and programs.
  • .Promotion of Sustainable Development: Ensuring that all initiatives align with sustainable economic practices and environmental conservation.

Important Links

Address & Contacts

  • P.O. Box 45519-00100, Nairobi, Kenya
  • 17th Floor, Uchumi House, Aga Khan Walk
  • PR7G+83 Nairobi
  • info@kdc.go.ke
  • +254727534572 /+254736229 213