The Principal Secretary for Public Investments and Assets Management Mr. Cyrell Wagunda has reaffirmed the government's commitment to supporting Kenya Development Corporation (KDC) in fulfilling its mandate and positioning it as a key institution in Kenya’s development financing architecture.
Speaking while opening a three day workshop for the Corporation in Naivasha, the PS encouraged the KDC Board and Management to continue working together to strengthen the Corporation and ensure that it delivers on its mandate. 
He reiterated that the success of KDC will depend on strong governance, financial discipline, strategic clarity, professional management, effective oversight  and the ability to mobilize capital and invest in priority sectors. 
He noted that KDC plays a key role in the Government’s privatization programme, including the restructuring and divestiture of Government investments adding that, the Government continues to review ways to accelerate these transactions.
"The Government is also working towards the enactment of the Development Finance Institutions Bill, which is expected to provide a regulatory and institutional framework for development finance institutions in Kenya. The framework will provide clarity on the role of institutions such as KDC and strengthen the development finance ecosystem in the country," he said. 
"We expect KDC to play a greater role in driving industrialization, mobilizing long-term development finance, and supporting Government privatization and restructuring programmes. In this way, KDC will not only be a leading lending institution but also a catalyst for development and investment in Kenya," Mr Wagunda emphasized.
The Corporation's Board Chairperson Hon. Sakwa Bunyasi and the Director General Ms. Norah Ratemo thanked the PS for the continued support saying it has enabled them realise various milestones.