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Sovereign blue bond market ripe for the African continent
Tourism Passengers disembark from the Ms Nautica cruise ship at the Port of Mombasa. Marine resources have the ability to support millions of people in the world. FILE PHOTO | NMG
Since issue of the world’s first sovereign blue bond by the Republic of Seychelles, which raised a total of Sh1.5 billion, the world of blue bonds has steadily gained attention.
Like green bonds, blue bonds, which operate similarly to other debt instruments by providing capital to issuers who repay the debt with interest over time, have offered a solution for conservation – in this case, marine projects.
