NAIROBI,Kenya-Kenya Development Corporation (KDC) has unveiled a Sh500 million financing facility to support SACCO-based lending to micro, small, and medium enterprises (MSMEs) as part of its commitment to economic recovery and grassroots empowerment.
The facility, launched during the inaugural Next Frontier Africa 2025 Summit in Nairobi, will be implemented in partnership with Boresha SACCO under the SAFER Programme.
The initiative targets businesses still grappling with the aftershocks of the COVID-19 pandemic, with a strong focus on underserved regions.
KDC also remitted Sh57 million in dividends to the National Treasury, signaling improved performance and reinforcing its role as a driver of inclusive development.
Speaking at the summit, Patrick Kilemi, Principal Secretary for Cooperatives, said SACCOs are key to deepening financial inclusion.
“With the right support, SACCOs are lifting communities and embedding resilience at the grassroots,” he said.
The three-day summit, drew over 700 leaders from across Africa.
Discussions focused on manufacturing, healthcare, climate resilience, tourism, and the digital economy all seen as growth frontiers for the continent.
KDC officials reaffirmed their focus on innovation, youth entrepreneurship, and inclusive financing models, vowing to continue channeling capital to sectors with the potential to transform communities and drive sustainable growth.
