Uhuru opens trading at London Stock Exchange, launches Kenya’s first green bond
By Fredrick Obura
President Uhuru Kenyatta on Monday rang the bell to kick off the trading of Kenya’s first green bond at the London Stock Exchange (LSE).
Speaking during the launch, the President urged UK investors to use Kenya as a gateway to investing into Africa and a bridge to the emerging market of more than 1.2 billion people created by the African Continental Free Trade Area.
The Nairobi Securities Exchange (NSE) under the watch of the Capital Markets Authority (CMA) has rolled out a legal framework to support issuing of green bonds.
The new segment will provide issuers with a wide array of solutions to support green and social bond issuance, giving both retail and wholesale investors an opportunity to invest in these tailored instruments.
Green bond issue to help plug budget holes: Treasury PS
By Constant Munda
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.
Kenya sets stage for first ever green bond after approving rules
By Brian Ngugi
Two unnamed financial institutions have lined up to issue Kenya’s first green bond, the country’s banking sector lobby disclosed Wednesday, even as regulators approved the legal framework to issue the listed and unlisted financial instruments at the Nairobi Securities Exchange (NSE).