Kenya has often been touted as a leading financial hub within Africa. But when it comes to green and sustainable bonds, our market appears to be in deep hibernation: even as US company Burn unveils a $10 million (Sh1.5 billion) green bond to fund clean stove manufacturing in Kenya and Nigeria.
In reality, this one issue — of a bond where the funds are for an assigned purpose in reducing air pollution and carbon creation from home cooking on open fires — is a little piece of green bond washback to Kenya from a far more active and dynamic market in Nigeria.
