The Kenya Development Corporation (KDC) wrote down the value of its equities investments by Sh1.23 billion in the year to June 2024, largely on account of a Sh1.33 billion impairment on its holding in the Development Bank of Kenya (DBK).
The state-owned development finance institution said the total value of its unquoted equities investments after impairment stood at Sh16.59 billion in June 2024, down from Sh17.83 billion in June 2023.
