Proceeds raised on the capital markets through green bonds essentially fund climate adaptation and emissions reduction projects while, at the same time, promising sustainability-focused investors a return. Green financing for Kenya presents opportunities in real estate investment trust, equity companies and also bonds. The country has the first Green D-Reit in the world, this is a Green Real Estate Investment Trust where houses a firm could invest in housing but building green housing that helps in the fight against climate change. Acorn Holdings raised $41million in 2019 towards building sustainable student accommodation units in Kenya, making it the first green bond offering in the country. The Nairobi bourse has already launched a green bond which has been attracting a large number of foreign investors, and according to Odundo they are in works with the government to launch a sovereign green bond.

Source: The Star March 03, 2021 14:21 UTC