Banks set for first bond to fund green investments

Kenya’s commercial banks are planning to issue a green bond in the next six to eight months to raise money to fight climate change.

In a joint statement, the Kenya Bankers Association (KBA) and the Nairobi Securities Exchange (NSE) said the country’s first bank-supported climate change-aligned corporate debt instruments will pave the way for Kenya to join its peers in the continent who have already tapped the growing investor demand for green investments.