Green Bond

Kenya kicked off a Green Bond Program that aims to raise funds to finance green economy projects. Kenya’s Central Bank Governor Patrick Njoroge recently told a media briefing in Nairobi that the program will develop a legal and policy framework that will enable Kenya to issue green bonds.

“According to the program, the first green bond which will be used to gauge the appetite of investors will be floated by the end of the year,” Njoroge said. Njoroge added that the green bonds will help Kenya mitigate and adapt to the effects of climate change. He noted that Kenya is already feeling the impact of climate change that has caused the present drought in the arid and semi-arid parts of the country.