KDC Departs from Several Projects, Citing Maturation

Development financier Kenya Development Corporation (KDC) claims that due to maturity, it is withdrawing from a number of the country’s top projects.

Small and medium-sized enterprises (SMEs), which are typically viewed as hazardous by private investors but have the ability to create jobs and have an impact on the economy of the country, are said to be part of the company’s strategy to scale down such risks.

“We are keen on supporting SME development across the country by investing in viable businesses in the early stages of development. Our strategy is to de-risk these businesses and make them attractive to investors,” said KDC Acting Director General Norah Ratemo.

Ratemo added by saying that the company is selling its holdings in a number of companies that have grown to maturity and are now well-positioned to expand without KDC’s ownership.

The company has radiated confidence in the Kenyan market, noting that the nation has a stable political climate and predictable tax laws.

Others are making it easier to conduct business while building a lucrative market for a highly skilled labor force.

The 2020-founded KDC provides medium- and large-scale industries with development financing, infrastructure financing, business support, and consultancy services.