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By Reuters
Kenya has approved its first-ever issuance of a green bond, which will raise 5 billion shillings ($48.45 million) for student accommodation, the capital markets regulator CMA said on Thursday.
So-called green bonds are fixed-income securities that raise capital for projects in renewable energy, energy efficiency, green transport, and waste-water treatment.
The bond, to be issued by a Nairobi-based property developer called Acorn, comes after authorities unveiled new rules in February designed to guide the issuance of green bonds…Read more>>
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