19th December, 2018
The Green Bond Programme Kenya, has identified sectors of manufacturing, transport and agriculture as suitable business opportunities and climate smart financing in their study. This new study has revealed that the 3 sectors, have combined green investment and financing opportunities worth Ksh 87 billion to be used in the next 5?10 years and a demand of Ksh 16 billion in the near term. The country is preparing for the first sovereign green bond issue next year, to assure the country's sustainable economic development and resilience in line with green economy strategy and climate change policies. The report seeks to quantify opportunities for green investments, identify barriers and solutions to better projects in Kenya. According to national green economy strategy, Kenya is in need of approximately Ksh 2.4 trillion for green economy activities.