Kenya is well on the path to becoming the third country in sub-Saharan Africa after Nigeria and South Africa to float a sovereign green bond, Treasury Principal Secretary Kamau Thugge said on Thursday, to partly bridge the Sh562.7 billion deficit in next financial year’s budget.
Dr Thugge did not, however, disclose the size of the bond whose proceeds go into climate change-aligned projects, but insisted they were looking to float it between July and June next year.
