Kenya paves way for green bonds in 2019 with new rulesGeoffrey Odundo Chief Executive Officer Nairobi Securities Exchange (Photo/File). So-called green bonds are fixed income securities that raise capital to help finance projects in renewable energy, energy-efficiency, green transport and wastewater treatment. “The government of Kenya have come up strongly, that they are looking at doing a green bond and its one of the ones we are keenly talking to,” he said. In January, HSBC said global green bond issuance is seen at $140-$180 billion this year, from $149.2 billion in 2019. In 2018, finance ministry officials said that there was room to raise funding through green bonds for infrastructure projects, with an initial aim of about $50 million.

Source: Standard Digital February 20, 2019 12:11 UTC