green finance
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GREEN FINANCE
NCBA, Salvador Caetano Partner on EV Financing Scheme
NCBA Bank has signed a Memorandum of Understanding with Salvador Caetano Kenya Limited, one of East Africa’s leading automotive distributors, introducing a structured asset financing scheme covering a range of passenger and commercial vehicles, including electric vehicles (EVs). The partnership extends NCBA’s dealer financing ecosystem and positions the bank to capture growing demand for EV financing as Kenya’s cleaner mobility…
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NEWS
I&M Bank and Sweden’s Sida Seal $30 Million Green Finance Deal
I&M Bank has secured a USD 30 million green lending facility backed by a guarantee from Sweden’s International Development Cooperation Agency (Sida), in what the bank is calling a significant step in expanding climate-aligned financing across Kenya. The partnership, formalised at a signing ceremony in Nairobi on Wednesday, is structured around a USD 15 million guarantee from Sida, with a…
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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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CLIMATE CHANGE
Kenya’s Green Finance Rules Attract Climate Investors
Kenya is stepping up its green finance game. From tax incentives to tighter regulations, the country is carving out a space for itself as a hub for climate-conscious capital. The latest move came with the rollout of the Kenya Green Finance Taxonomy (KGFT) — a tool designed to bring clarity to what qualifies as a “green” investment. It sets clear…
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NEWS
Standard Chartered Kenya Reports Major Strides in Sustainability and Inclusive Finance
Standard Chartered Bank Kenya has released its 2024 Sustainability Progress Report, showcasing significant achievements in green finance, operational efficiency, and community empowerment as it continues to champion Kenya’s transition to a low-carbon, inclusive economy. The report highlights a 132% surge in sustainable finance income to KES 2.99 billion and a dramatic rise in sustainable finance assets, now valued at KES…
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