KDC Partners With World Bank To Catalyze Development Of The Livestock Value Chains (LVC)
Kenya Development Corporation has partnered with the World Bank to catalyze the development of Livestock Value Chains (LVC) in Arid and Semi-Arid lands in Kenya. A facility provided to KDC for this purpose in the total sum of Kshs 4.5 billion is expected to catalyze the development of the LVCs by KDC in partnership with the private sector.
The Development Finance Institution seeks to address critical gaps in the market for long-term financing in sectors such as infrastructure, manufacturing, and agro-industry that cannot be met by commercial banks.
The resultant investments are expected to build up pastoralists’ resilience, enhancing their access to financial services and including them better in the livestock trade in the HoA region, and connecting them better to markets. The project provides an innovative approach to addressing climate change and pastoral communities’ poverty levels.
“In the same way that KDC has created a partnership to develop the Livestock Value Chains, KDC is seeking partners with whom it can equally develop other nascent sectors that have the potential for high socio-economic impact like developing the blue economy, post-harvest management and enhancing access to green and renewable energy”, KDC Director General, Christopher Huka said.
KDC is a Development Finance Institution established in 2020 to merge the operations of the Industrial and Commercial Development Corporation (ICDC), Tourism Finance Corporation (TFC), and IDB Capital Limited. The Corporation’s mandate is to promote sustainable socioeconomic development by providing development finance, infrastructure finance, business support, and advisory services to medium and large-scale industries.