KDC DG’s word on mergers as state set to cut agencies

Norah's corporation will act as a benchmark as President William Ruto’s regime trim obsolate firms.

by VICTOR AMADALA

Business04 March 2025 - 09:39

In Summary

She explains that before KDC, there the Industrial and Commercial Development Corporation, IDB Capital Limited, and the Tourism Finance Corporation existed in silos.
Although each had a specific mandate, their impact remained minimal due to resource constraints, inefficiencies, and fragmented strategic direction.

Kenya Development Corporation (KDC) Director General, Norah Ratemo /HANDOUT

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