Nairobi explores alternative financing through green bond

Nairobi County Deputy Governor Njoroge Muchiri addresses participants gathered during the validation workshop on green bonds at Nairobi Hotel on November 13, 2023. [Samson Wire, Standard]

Nairobi County will need to formulate climate financing regulations to enable it to issue green bonds as an alternative funding source.

A consultant, Agusto & Co, who assessed the county's potential to issue a green bond also included pending bills and the city's high wage bill among the key issues to be addressed by the county government. The revelations were made on Tuesday during a validation workshop at a Nairobi hotel that assessed the findings of the assessment.