Industrial and Commercial Development Corporation
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Industrial and Commercial Development Corporation (ICDC) is a Kenyan government-owned development finance institution.
Quick Facts Company type, Industry ...
Company type | Parastatal |
---|---|
Industry | Financial services |
Founded | 1954; 70 years ago (1954) |
Headquarters | , |
Key people | Francis Kimemia (Chairman), Kennedy Wanderi (Executive Director) |
Products | Investments, Equity Partnerships, Financial Advisory Services, Management Services, Export/Import Finance |
Revenue | Aftertax:KSh.1.74 billion/= (US$20.3 million) (2010) |
Total assets | KSh.11.9 billion/= (US$138 million) (2010) |
Owner | Government of Kenya |
Website | www |
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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[update], the company's total assets were valued at approximately KSh.11.9 billion/= (US$138 million).[2]