Nairobi, Nov. 12 -- Kenya Development Corporation (KDC) plans to adopt an International Finance Corporation (IFC)-style investment model including tightening appraisal of deals and negotiating stronger governance rights as it eyes increased say in the businesses it backs.

The State-owned development finance institution has invited consultants to help design a new framework for equity and quasi-equity investments, drawing on international development finance practices such as minority shareholding, preferred shares, convertible instruments and stronger corporate governance protections.

Published by HT Digital Content Services with permission from Business Daily....