Kenya Green Economy Strategy and Implementation Plan (GESIP) 2016–2030 has committed to investing $23.5 billion in Kenya’s green growth path. Moreover, investor demand for green bonds is getting stronger globally due to increasing evidence that “green” factors have a positive impact on long-term financial returns.
The Green Bonds Programme Kenya (GBPK) was launched in March 2017 with the aim of catalysing the market for green bonds. Working together on this programme all partners recognise the outcomes will be larger and more sustainable – leading to a green economy for Kenya’s future generations.
Following the foundations laid by the Green Bonds Programme Kenya, the National Treasury has indicated that its debut sovereign green bond will be issued during the fiscal year 2018/19. This will make Kenya the first country in East and Central Africa to issue a green bond.