Author: Green Bond Programme - Kenya; Mr. Sean Kidney; Ms. Nuru Mugambi

Category: National Green Bond

Published/Created by: Green Bond Programme - Kenya

Link: https://www.greenbondskenya.co.ke/about

The Green Bond Programme - Kenya, which aims to promote financial sector innovation by developing a domestic green bond market, is brought together by the Kenya Bankers Association (KBA), Nairobi Securities Exchange (NSE), Climate Bonds Initiative, Financial Sector Deepening (FSD) Africa and FMO - Dutch Development Bank. Other partners who provide technical assistance and guidance include International Finance Corporation (IFC) and the WWF - Kenya. To come to the objectives, Kenya will focus on the following work streams and outputs to support the issuance of the first Kenyan green bond and the development of a domestic green bond market. In detail the objectives are: Researching the potential of green bond issuance in Kenya; developing a pipeline of green investments and engaging with local and international investors; supporting demonstration green bond issuance from leading banks and corporates; promoting green Islamic finance; developing a pool of Kenya-based licensed verifiers; development of a cooperative fixed income fundraising facility that would allow smaller banks and corporates to also take advantage of whole sale debt capital markets; leveraging the Kenya experience to catalyse similar programs across East Africa Community.