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Industrial and Commercial Development Corporation information


Industrial and Commercial Development Corporation
Company typeParastatal
IndustryFinancial services
Founded1954; 70 years ago (1954)
Headquarters
Nairobi
,
Kenya
Key people
Francis Kimemia (Chairman), Kennedy Wanderi (Executive Director)
ProductsInvestments, Equity Partnerships, Financial Advisory Services, Management Services, Export/Import Finance
RevenueIncreaseAftertax:KSh.1.74 billion/= (US$20.3 million) (2010)
Total assetsKSh.11.9 billion/= (US$138 million) (2010)
OwnerGovernment of Kenya
Websitewww.icdc.co.ke

Industrial and Commercial Development Corporation (ICDC) is a Kenyan government-owned development finance institution.

ICDC is a government parastatal, whose primary objective is to facilitate the investment by Kenyans in the economy of the country, while simultaneously providing financing to Kenyan businesses and manufacturers, thus growing the local economy.[1] As of June 2010, the company's total assets were valued at approximately KSh.11.9 billion/= (US$138 million).[2]

  1. ^ "Overview of ICDC" (PDF). Archived from the original (PDF) on 2013-09-21. Retrieved 2013-09-20.
  2. ^ "Audited 30 June 2010 Financial Report". Archived from the original on 21 September 2013. Retrieved 20 September 2013.

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