Green bonds ‘critical’ as southern Africa tackles climate change

FSDA Elphas Ngugi Kenya from FSD for use Africa rail
By Jon Hay
12 Mar 2021

Green bond issuance is set to blossom in Africa — at least, that is the hope of FSD Africa, an organisation in Kenya that has agreed to cooperate with a group of stock exchanges to foster the market in 16 of the continent's countries. Substantial deals are expected from Kenya and Malawi in the coming months.

The Kenyan government is getting closer to bringing its long-awaited green bond, while a company in Malawi is also preparing a deal, probably in local currency.

Financial Sector Deepening Africa is a non-profit company, established in 2012 and funded by UK government aid. It is a specialist development ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial