Kenya Development Corporation sees its credit pipeline hitting Sh12.6 billion in the first year of the merger of state-backed development finance institutions, more than double the loan book it inherited from the three defunct firms.
KDC –the offshoot of a merger of Industrial and Commercial Development Corporation (ICDC), Tourism Finance Corporation (TFC), and Industrial Development Bank Capital Ltd– says it had Sh10.6 billion in its pipeline by end of February at different stages of appraisals.
