MMUST Participates at Kenya Development Coopertion (KDC) Stakeholders Engagement

On Thursday 17th November 2017, Kenya Development Cooperation state cooperation under the Ministry of Investment, Trade, and Industry had the pleasure of inviting Prof Benedict Alala and Prof John Muoma to a stakeholders’ engagement breakfast meeting at Mercure Hotel, Nairobi Upper Hill.

KDC is a development organization that was established in 2022 to merge the operations of the Industrial and Commercial Development cooperation (ICDC), Tourism and Finance Cooperation (TFC), and IDB capital limited. The corporation's mandate is to promote sustainable social economic development by providing development finance, infrastructure finance, business support, and advisory services to medium and large-scale industries.

The stakeholder engagement consisted of funders from UNDP, World Bank, investors, and other partners in the financing value chain with an aim of exploring opportunities for partnership.

The KDC Director of Investment Laura Ratemo shared the areas of interest where KDC hopes to partner with other stakeholders to include the blue economy, address climate change, renewal of renewal energy/green energy, post-harvest management, MSME development, Technical Support, Health, and well-being.

MMUST as a research and development institution was willing to engage with partners who need Technical Support, and identified, ICT, climate change, green energy, and post-harvesting management. These are areas where MMUST intends to seek partners who can add value to the research output, and develop new innovations which can lead to start-ups, spin-offs, and new companies. These can provide a new way of income generation to meet some budget shortfalls and set a way to move the region towards industrialization.

KDC has also greatly invested in Tourism within the tons of Nairobi, Mombasa, Kisumu, and even Kakamega. Kakamega Golf Hotel is one of their investments which they have put up for sale at 627 million. This is an opportunity that MMUST can leverage on and use the hotel as a training center.

MMUST will be working on a collaborative document to enable future engagement in research, development, and innovation.