Green bonds
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NEWS
KCB bond framework adds blue economy financing, gets Moody’s “Very Good” rating
KCB Group’s newly launched Sustainability Bond Framework includes a dedicated Blue economy financing category, a first among Kenyan bank bond frameworks, alongside an independent quality rating from Moody’s. The framework, unveiled on Wednesday at the KCB Leadership Centre in Karen, will underpin a Medium-Term Note Programme of up to KShs 300 billion ($2.3 billion) over five years, subject to regulatory…
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NEWS
Ecobank Unveils World’s First Nature Bond to Fund Conservation Through Africa’s Real Economy
Ecobank Group has unveiled the world’s first ICMA (International Capital Market Association)-aligned Nature Bond issued by a commercial bank, marking a significant milestone in efforts to attract investment for biodiversity conservation in Africa. The bond, listed on the London Stock Exchange, earned Moody’s top sustainability quality assessment of SQS1 Excellent and is expected to finance sustainable agriculture, water management and…
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NEWS
KMRC Lists KES 3 Billion Sustainability Bond at NSE as Offer Records 313% Oversubscription
The Kenya Mortgage Refinance Company (KMRC) has listed a KES 3 billion Sustainability Bond on the Nairobi Securities Exchange (NSE) following an offer that attracted KES 9.38 billion in applications, an oversubscription rate of 313%. The listing is the second tranche under KMRC’s approved KES 10.5 billion Medium-Term Note Programme. Its inaugural bond, issued in 2022 at KES 1.4 billion,…
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GREEN FINANCE
Dilip Pal: How Green Financing is Powering the Future of Kenya’s Clean Energy
Kenya’s energy and capital markets are changing in ways that quietly shape daily life, from how phones stay connected in remote areas to how investors think about risk and return. As the country deepens its commitment to clean power, green financing is emerging as a practical tool to fund that transition at scale. Kenya already stands out in Africa for…
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NEWS
Safaricom’s Green Bond oversubscribed by 176% as investors pour in KES 41.6 billion
Safaricom has recorded a significant uptake for its first Green Bond issuance, receiving applications totalling KES 41.6 billion, surpassing its initial target of KES 15 billion. The strong market appetite represents a 175.7% oversubscription rate, signaling robust investor confidence in the telecommunication giant’s sustainability strategy. Following the overwhelming demand, Safaricom has opted to exercise its KES 5 billion “greenshoe” option,…
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NEWS
Green Bonds in Kenya: Who’s Issuing Them and Why They Matter
Green bonds, debt instruments whose proceeds are earmarked for projects with clear environmental benefits, have moved from novelty to a practical tool for financing climate solutions in Kenya. The market here is still young and shallow compared with mature markets, but the last six years have shown that both private companies and the state can use green bonds to tap…
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