The Kenya Development Corporation (KDC) has raised a grant of Sh500 million from the World Bank to bolster its lending to firms managing climate-related shocks. KDC director-general Norah Ratemo ...

KDC puts the stake in the lender at 16.14 percent, although previous documents by the Privatisation Authority put its exposure to DBK at 89.3 percent. The bank has generally been profitable in the ...