1. Who owns ICDC?
We are a state-owned, self-financing development finance institution. The Kenyan 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, assistance and expansion of industrial, commercial or other undertakings or enterprises in Kenya.
In this regard, ICDC provides equity investment funds, medium and long term loans, technical advisory services, co-ordination and administration of government funded social dimension programs at agreed terms.
3. How long will it take for my application to be approved?
- Loan processing is done within 90 days from engagement to disbursement. Provide all required information expeditiously.
- Equity processing is done within 120 days. Provide all required information expeditiously.
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 payment record (loans) or dividends (equity)
- Customer visits are done
- New board members are inducted
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?
You can submit an application to:
Industrial and Commercial Development Corporation (ICDC),
P.O Box 45519-00100,
8. Does 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 an industrial development agency, which promotes the country’s industrial and economic growth through our funding activities.