Kenya should create more awareness on investment opportunities for environmentally-friendly projects to green financing from global investors, a forum heard yesterday in Nairobi. Participants at the Green Finance Conference said few investors understand green economy and that authorities need to create a more conducive environment for the growth of green finance and green energy in the country. “We need a supportive ecosystem in terms of regulatory framework and capacity building on green finance within the capital markets,” Kenya Agribusiness and Agroindustry Alliance chief executive Lucy Muchoki said yesterday. “Most people do not know what a green economy is.”The Kenya Bankers Association and the Nairobi Securities Exchange are planning to issue the country’s first green bond in the third quarter of this year. Proceeds from this will finance projects in the renewable energy, energy-efficiency, green transport and wastewater treatment sectors.

Source: The Star June 21, 2017 21:22 UTC