Kenya sets sights on green bonds after mobile phone issue

30

Kenya aims to issue its first ‘green’ bond this year, the initiative’s backers said on Friday, bolstering the nation’s reputation for financial innovation after the government launched the world’s first mobile phone bond earlier this month.

The proceeds from so-called green bonds help finance projects in the renewable energy, energy-efficiency, green transport and wastewater treatment sectors.

France and Poland both issued green bonds in the last four months, becoming the first nations to venture into territory previously dominated by development banks and companies.

“I believe we will have the first green bond issued this year,” said Lamin Manjang, chairman of the Kenya Bankers Association (KBA), which is spearheading the green finance initiative.

Read more: Kenya sets sights on green bonds after mobile phone issue| Reuters

Recommended

  • Kenyans to trade government bonds from their mobile phonesKenyans to trade government bonds from their mobile phones
  • Kenya to offer mobile-only bond to investorsKenya to offer mobile-only bond to investors
  • Kenyan banks are closing in on what they think will be the perfect M-PESA disruptor (Infographic)Kenyan banks are closing in on what they think will be the perfect M-PESA disruptor (Infographic)
  • Safaricom’s M-PESA has Kenya’s government worried what happens in the event of a crash (Infographic)Safaricom’s M-PESA has Kenya’s government worried what happens in the event of a crash (Infographic)
  • Kenya appoints Patrick Njoroge as new central bank governorKenya appoints Patrick Njoroge as new central bank governor
  • Kenya’s Safaricom is ordered to share M-PESA agents with rivalsKenya’s Safaricom is ordered to share M-PESA agents with rivals
  • Kenya and Nigeria Officials Have Different Economic Outlooks (Videos)Kenya and Nigeria Officials Have Different Economic Outlooks (Videos)
  • Armed with fintech and fueled by data: Africa’s banker of tomorrowArmed with fintech and fueled by data: Africa’s banker of tomorrow
  • It’s Africa’s turn to shine: Self-made tycoon Ashish Thakkar, Mara Group’s Founder & MD (Video)It’s Africa’s turn to shine: Self-made tycoon Ashish Thakkar, Mara Group’s Founder & MD (Video)
  • Kenya’s M-PESA vs. Bitcoin: Who wins?Kenya’s M-PESA vs. Bitcoin: Who wins?
  • MoneyGram joins Western Union to partner with Safaricom, targeting over $1B in remittances sent to Kenya annuallyMoneyGram joins Western Union to partner with Safaricom, targeting over $1B in remittances sent to Kenya annually
  • Kenya regulator approves use of thin SIMs by new Mobile Virtual Networks Operators (MVNOs), including Equity BankKenya regulator approves use of thin SIMs by new Mobile Virtual Networks Operators (MVNOs), including Equity Bank
  • How Nigeria’s banks are innovatingHow Nigeria’s banks are innovating
  • Innovative credit scoring in Africa uses mobile phone usage and social media activity to measure creditworthiness of individual borrowersInnovative credit scoring in Africa uses mobile phone usage and social media activity to measure creditworthiness of individual borrowers
  • Why does Kenya lead the world in mobile money?Why does Kenya lead the world in mobile money?
  • Commonwealth Bank of Australia (CBA) acquires Johannesburg-based digital banking startup TYME for undisclosed amountCommonwealth Bank of Australia (CBA) acquires Johannesburg-based digital banking startup TYME for undisclosed amount
  • Mobile money, mobile banking: Africa’s telecom firms are becoming rivals for banks (Video)Mobile money, mobile banking: Africa’s telecom firms are becoming rivals for banks (Video)
  • US-Africa Business Forum: An interview with James Mwangi, CEO of Equity Bank, and Tom Klein, President & CEO of Sabre (Video)US-Africa Business Forum: An interview with James Mwangi, CEO of Equity Bank, and Tom Klein, President & CEO of Sabre (Video)
  • Safaricom faces break-up call from Kenyan lawmakerSafaricom faces break-up call from Kenyan lawmaker
  • Airtel loses bid to force Safaricom to cut M-PESA feesAirtel loses bid to force Safaricom to cut M-PESA fees
  • Private equity firm Helios launches bid for France Telecom stake in Telkom Kenya (Orange Kenya)Private equity firm Helios launches bid for France Telecom stake in Telkom Kenya (Orange Kenya)
  • Kenyan banks have joined forces to launch a mobile money rival to M-PESAKenyan banks have joined forces to launch a mobile money rival to M-PESA
  • Kenya’s Equity Bank wins court battle to deploy thin SIM technologyKenya’s Equity Bank wins court battle to deploy thin SIM technology
  • Why you should take chances: Marek Zmyslowski, Managing Director of top African hotel booking website Jovago (Video)Why you should take chances: Marek Zmyslowski, Managing Director of top African hotel booking website Jovago (Video)
  • Vodafone slams proposed split of Kenya’s M-PESA as ‘ridiculous’Vodafone slams proposed split of Kenya’s M-PESA as ‘ridiculous’
  • More Nigerians are embracing electronic payments (Infographics)More Nigerians are embracing electronic payments (Infographics)
  • What Africa’s banking sector needs to do to survive: Ndubuisi Ekekwe, Founder, African Institution of TechnologyWhat Africa’s banking sector needs to do to survive: Ndubuisi Ekekwe, Founder, African Institution of Technology
  • Europeans Selling Mobile Payments Should Ask Africa for HelpEuropeans Selling Mobile Payments Should Ask Africa for Help
  • South Africa’s MTN bets on mobile banking with new CEOSouth Africa’s MTN bets on mobile banking with new CEO
  • In South Africa and Nigeria, banks want to be phone companies. In Kenya, the phone company is already the bankIn South Africa and Nigeria, banks want to be phone companies. In Kenya, the phone company is already the bank
  • Nigeria’s Interswitch launches Verve payments service in KenyaNigeria’s Interswitch launches Verve payments service in Kenya
  • Africa’s neither ‘rising’ nor ‘falling’ but it is growing. FastAfrica’s neither ‘rising’ nor ‘falling’ but it is growing. Fast
  • Can mobile money conquer new markets? M-PESA tries again in South Africa with more tailored approachCan mobile money conquer new markets? M-PESA tries again in South Africa with more tailored approach
  • Kenya telecoms regulator says has no intention to split SafaricomKenya telecoms regulator says has no intention to split Safaricom
  • Kenya’s mobile innovation brings digital money closerKenya’s mobile innovation brings digital money closer
  • Barclays decision to pull out of Africa is a sign of the bank’s weakness, not the continent’s potentialBarclays decision to pull out of Africa is a sign of the bank’s weakness, not the continent’s potential
  • Bitcoin’s Big Opportunity In AfricaBitcoin’s Big Opportunity In Africa
  • Mobile telephony enables Nigerian banks to fine tune servicesMobile telephony enables Nigerian banks to fine tune services
  • Africa’s digital banking boomAfrica’s digital banking boom
  • Interswitch: Africa’s first ‘unicorn’?Interswitch: Africa’s first ‘unicorn’?
- Our Sponsors -

Source link