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Kenya's $772M Green Bonds for Agri-Future
6 Jun
Summary
- Kenya plans 100 billion shillings ($772 million) in green bonds.
- Bonds will fund agricultural production and climate resilience.
- Projects include solar cold chains and regenerative farming.
Kenya's National Treasury is preparing to issue 100 billion shillings, equivalent to $772 million, in green bonds by the conclusion of 2027. This significant financial initiative is designed to stimulate advancements in agricultural production across the nation.
The allocated funds will be directed towards projects that enhance climate resilience and competitiveness within the agricultural sector. These initiatives will focus on sustainable practices and infrastructure development.
Specific projects slated for funding include the implementation of solar-powered cold chains, which will reduce post-harvest losses, and the promotion of regenerative farming methods aimed at improving soil health and biodiversity. Parametric insurance is also mentioned as a beneficiary area.
