Today, Kenya has made history as the first African country to launch a sovereign green bond on the London Stock Exchange courtesy of Acorn Holdings Ltd. H.E Uhuru Kenyatta while officiating the launch stated that Kenya has recently finalised a policy framework that will enable issuance of a sovereign green bond. LSE CEO David Schwimmer, Acorn Holdings Ltd CEO Edward Kirathe, Chamber President Richard Ngatia and CEO Angela Ndambuki were among those present to witness the ceremony.
Kenya’s first green bond was listed for trading on the Nairobi Securities Exchange on 13th January 2020, offering investors the chance to put money into environmentally-friendly fixed income security for the first time in the stock exchange.
Green bonds raise capital for projects in renewable energy, energy efficiency, green transport, and waste-water treatment.
The advent of the green bonds will help protect Kenya from the impacy of extreme weather on the agriculture sectorx which contributes about a third of the annual GDP.
H. E President Uhuru Kenyatta and CP Richard Ngatia will also today participate in the UK-Africa Investment Summit which is expected to stimulate initiatives that will boost Kenya Economic growth and galvanise support for the Big 4 Agenda and accelerate job creation to Kenyans.
The event will bring together at least 20 African Head od State, Business Leaders and their international counterparts as well as Ambassadors and High Commissioners in the UK.