1. Who owns ICDC?
We are a state-owned, self-financing development finance institution. The Kenya Government is our sole shareholder.
2. What are ICDCs objectives?
To facilitate industrial and economic development of Kenya by the initiation, assistance and expansion or by aiding the initiation, existence or expansion of industrial, commercial or other undertakings or enterprises in Kenya.
In this regard, ICDC provides equity investment funds, medium and long term loans, management support & consultancy services and co-ordination & administration of government funded social dimension programs at agreed terms.
3. How long will it take for my application to be approved?
ICDC conducts thorough due diligence to evaluate all applications/proposals within a period of one month.
4. How can I access ICDC tenders?
Our tenders are published in the following media:
a) Newspapers – Daily Nation & The Standard Newspaper
b) The ICDC Website
5. Is there a monitoring system after one has received funding?
We monitor the performance of a company through its repayment record (loans) or dividends (equity).
6. Does ICDC require collateral or security before it funds a business?
Yes, all our loans must be secured.
7. How and where do I submit my application form/business plan?
8. Does the ICDC take equity in one’s business?
Yes, but this normally applies to large projects funded through venture capital.
9. What differentiates ICDC from a bank?
We are a Development Finance Institution (DFI) and as such we operate as an industrial development agency, which promotes the country’s industrial and economic growth through our funding activities.