Kenya launches first corporate green bond to help fight climate change

KENYA – Acorn Group, a project management services provider and PE fund Helios private equity investing firm have launched the first green bond in Kenya to help fight climate change. The debt instrument which is the first in the eastern and central Africa region was issued by Acorn Holdings so far it has raised KSh4.26 billion (US$41.3m) from investors which is 85 percent subscription of the targeted Sh5 billion. The green finance instrument was made possible following the successful completion of the green bond rules and guidelines which were launched…

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