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KDC steps up lending to SMEs with India-backed Sh2 billion credit line
Exim Bank of India Resident Representative, East Africa Region Naveen Joon, State Department for Investment Promotion Planning Director Hussein Adan and Kenya Development Corporation Ag. Director Corporate Services Kennedy Wanderi in Nairobi on August 14, 2024 when Kenya Development of Corporation (KDC) hosted a meeting with Exim Bank of India.
State-owned Kenya Development Corporation (KDC) is stepping up lending to the country's small and medium-sized businesses under a Sh2 billion ($1.5 million) low cost credit line supported by India's Export-Import Bank.
The credit line is open for SMEs to finance capital goods purchase from India in the push to boost technology transfer from the Asian nation.
