Fundraising FoxKenya Development Corporation
Government fundNairobi · Growth · 16 people tracked
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Investment thesis
Kenya Development Corporation is a state-owned development finance institution focused on driving sustainable economic growth and empowerment in Kenya. It provides debt and equity financing, advisory services, and undertakes special projects. Its priority sectors include manufacturing, post-harvest management, health, tourism, the digital and creative economy/ICT, and climate change.
Source: firm website, verified Aug 3, 2026.
Team · 16 people
from the firm's website & curated
Norah Buyaki Ratemo is the Director General and a Board Member of Kenya Development Corporation, appointed in July 2023, after previously serving as its Director of Investments. She has over 15 years of experience in credit risk management, including roles as a Credit Analyst at Ecobank Kenya and Assistant Manager for Securities and Documentation at Sidian Bank. She holds an MBA (Finance) from Jomo Kenyatta University of Agriculture and Technology and a B.Com in Accounting, and is a Certified Public Accountant.
Abubakar Hassan Abubakar was appointed a director on the KDC Board in January 2023, with a background in law, finance, and investment. He previously served as Director of Market Operations at the Capital Markets Authority and was appointed Principal Secretary in December 2022. He holds a Bachelor's degree in Law, an MBA in Strategic Management, and is pursuing a Master's in Financial Services Law, all from the University of Nairobi, and is an Advocate of the High Court of Kenya and a Certified Public Accountant.
Barbara Lunani is an attorney and Chartered Development Finance Analyst with a background in governance, ethics, risk, and compliance. She serves as Head of Department at Kenya Development Corporation (KDC).
John Karia is a legal and governance professional with experience in the financial services industry, having previously worked at Kenindia Assurance Co. Ltd, Laptrust/CPF Group, and Tourism Finance Corporation, where he served as Head of Legal Services and Corporation Secretary. He is an Advocate of the High Court of Kenya and a Certified Secretary, and holds an LLM from the University of Exeter, a Postgraduate Diploma in Law from the Kenya School of Law, and an LLB from the University of Nairobi.
Michael A. Kagika was appointed a Director on the KDC Board on 1 August 2022. He is a certified Trustee with over thirty years of leadership experience in the Kenyan Public Service, having served as a District Commissioner, CEO of the Rent Tribunal, administrator in the Ministry of Public Works and Housing, and in roles at State House and the Cabinet Office. He currently serves as Pensions Secretary/Director of Pensions and holds a Bachelor's and Master's degree in Public Administration.
Richard Limo is Deputy Director ICT at Kenya Development Corporation (KDC_KE), where he oversees the organization's ICT division and technology roadmap in the area of development finance. He previously worked at IDB Capital Limited, where his responsibilities included managing technology resources and system security.
Nicolas de Menthon is a Partner and Senior Family Officer at B. Durand Capital Partners. His work covers wealth management, estate planning, and tax optimization, with expertise spanning financial management, personal and corporate taxation, notarial law, and credit.
Frequently asked questions
- What stage does Kenya Development Corporation invest at?
- Kenya Development Corporation invests at the Growth stage.
- What sectors does Kenya Development Corporation focus on?
- Kenya Development Corporation focuses on Advanced Manufacturing, AgTech, Climate Tech, Healthtech, Media & Entertainment, Travel & Hospitality.
- Where is Kenya Development Corporation located?
- Kenya Development Corporation is headquartered in Nairobi, KE.
Media · Podcasts & interviews
from their channelKDC UNVEILS SUSTAINABILITY & GREEN FINANCING STRATEGY
Kenya Development Corporation
KDC Customer networking Forum, Success Stories and Awards
Kenya Development Corporation
KDC DEVELOPMENT FINANCE INSTITUTIONS CEO FORUM
Kenya Development Corporation
Unlocking the creative economy _ Nova Garage '26 Launch
Kenya Development Corporation
Unlocking the creative economy _ Nova Garage '26 Launch
Kenya Development Corporation
Unlocking the creative Economy - Nova Garage '26 Launch
Kenya Development Corporation
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