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Capital Markets Authority approves Kenya’s first green bond

Capital Markets Authority Chief Executive Paul Muthaura

NAIROBI, KENYA: Capital Markets Authority (CMA) has approved the issuance of Kenya’s first unlisted green bond.

Green bonds are regular bonds whose proceeds are earmarked exclusively for projects with environmental benefits, mostly related to climate change mitigation or adaptation but also to natural resources depletion, loss of bio-diversity, and air, water or soil pollution.

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