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Dr. Faith Mwaura, a board member of the Kenya Development Corporation (KDC), has warmly congratulated and welcomed Salim Mvurya Mgalla on his recent appointment as the new Cabinet Secretary for Trade, Investment, and Industry.
In her heartfelt message, Dr. Mwaura expressed the readiness of KDC to collaborate closely with CS Mvurya in advancing the Kenya Kwanza Government’s vision. She emphasized that KDC is fully committed to enhancing the lives of Kenyans while safeguarding their investments, working hand-in-hand with the new Cabinet Secretary to ensure prosperity for all.
The Kenya Development Corporation (KDC) is a key Development Finance Institution (DFI) established in 2020 through the merger of the Industrial and Commercial Development Corporation (ICDC), Tourism Finance Corporation (TFC), and IDB Capital Limited. KDC’s mission is to play a catalytic role in Kenya’s socio-economic development by offering long-term financing, as well as financial, investment, and business advisory services. This role is critical in addressing gaps in long-term funding that commercial banks often cannot meet, particularly in target sectors within Kenya and beyond.
KDC’s vision is to become the leading financial partner driving Kenya’s progress and prosperity. This vision reflects the Corporation’s commitment to catalyzing sustainable socio-economic development through the provision of essential financial support and advisory services in selected sectors.
Dr. Mwaura is optimistic that under CS Mvurya’s leadership, the partnership between the Ministry of Trade, Investment, and Industry and KDC will flourish, contributing significantly to Kenya’s economic growth and the well-being of its citizens.
