Kenya Main Development Financial Institutions

Government participation in business is regarded as essential due to the underdeveloped nature of the resources and markets. Government owned public enterprises have been established to facilitate the attainment of important social policy goals such as creation of employment opportunities, production and sale of good and service that are affordable to everyone. In Kenya, Government owned enterprises have been established in the financial trade and distribution and manufacturing sectors of the economy. Kenya has set up development financial institutions through which the government channels funds for development. Here is a complete list of the institutions, read on to learn and scope some knowledge in business.

1. Industrial and Commercial Development Corporation-ICDC

The Industrial and Commercial Development Corporation was established in 1954. ICDC is wholly owned by the Government of Kenya. It is charged with the responsibilities of assisting in the Africanization of the industrial and commercial sectors of the Kenyan economy by providing soft loans to African industrialization traders. Secondly, it makes investments in areas of the economy where African participation is weak or where competition is lacking. Lastly the ICDC helps with the construction of shopping centers and industrial estates. With these responsibilities, there various employment opportunities in this corporation which require skills and professional knowledge in business related courses. Enroll at Finstock Evarsity College for a course in Business Management and get equipped with skills and knowledge in business to start a career journey in this development financial institution.

2.  Industrail Development Bank-IDBThe Industrial Development Bank was established in 1973 with an objective to invest in a project whose value cost KShs 400,000 nor more than a million, later IDB was charged with responsibilities of advising existing and potential industrial and commercial entrepreneurs on investments projects, providing guarantee for loans taken from other financial institutions by deserving entrepreneurs and underwriting of industrial enterprises. Knowledge in banking and financing is a great opportunity to land for a well-paying job in this bank. Enroll at Finstock Evarsity College and get accredited in Banking and Finance course and learn skills in banking to become a great career candidate in this competitive job market industry.

3. Development Finance Company of Kenya Limited-DFCKThe Development Finance Company of Kenya Limited was established in 1963.DFCK majority shares are held by the Industrial and Commercial Development Corporation. The DFCK investments are concentrated in food processing, textile, tourism and engineering industries. It is charged with responsibility of securing funds for small industrial enterprises set up by local entrepreneurs.