IFC invests new Sh55 billion in Kenyan firms

IFC investment officer Mwombeki Baregu at an event in Nairobi on September 29, 2022. PHOTO | DIANA NGILA | NMG

The International Finance Corporation has invested an additional $459.8 million (Sh55.6 billion) in Kenyan companies, cementing its position as the largest provider of capital to local firms.

The institutional investor says in its latest annual report that its cumulative investments in Kenyan companies rose to $4.1 billion (Sh497 billion) in the year ended June.

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