Uhuru opens trading at London Stock Exchange, launches Kenya’s first green bond
SEE ALSO :Kenya’s first green bond starts tradingThe President assured that Kenya will continue to develop the investment environment for sustainable finance, saying a policy framework that will enable the country to issue a sovereign green bond and strengthen its position as a regional financial hub has been finalised. “I invite the LSE to continue working with Kenya towards achieving this goal,” he said. The Kenyan leader applauded last year’s signing of an MoU by the Nairobi Securities Exchange (NSE) and the London Stock Exchange to work with Kenyan companies to help them expand their footprint by jointly listing on the bourse in Nairobi and in London. He also commended LSE for being the first global exchange to set up a dedicated green bond segment in response to the global need for climate smart infrastructure. “I note that to date the LSE has admitted over 200 bonds from across the world, raising over 33 billion Pound Sterling worth of capital for sustainable development,” he pointed out. President Kenyatta observed that green bonds provide a great opportunity for African countries as well as those from the Caribbean and the Pacific region, which are at great risk from the effects of climate change, to access large scale capital for sustainable growth. Following the decision to withdraw from the European Union, President Kenyatta said the UK has a renewed mandate to build even stronger investment partnerships with Africa. Acorn Holdings CEO Edward Kirathe thanked the UK’s Department for International Development (DFID) for supporting the delivery of accommodation to 50,000 university students in Kenya, saying this accounts for 10 percent of the Big 4 Agenda target. National Treasury CS Ukur Yatani, Central Bank of Kenya Governor Patrick Njoroge and Kenyan High Commission to the UK Amb. Manoah Esipisu also attended at the event.
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