KCB eyes Sh300bn sustainability bond to finance green, social projects

KCB Group, a Kenyan financial institution, has announced plans to raise up to Sh300 billion over five years through a Medium Term Note Programme to finance green, blue, and social projects. The framework, unveiled in Nairobi, will initially offer up to Sh100 billion and is subject to regulatory approvals and market conditions. The funds will support various initiatives, including renewable energy, green buildings, affordable housing, clean transportation, sustainable agriculture, water management, and other eligible projects.

The framework also covers blue economy activities, micro, small, and medium enterprises, women and youth-led businesses, and initiatives supporting employment and livelihoods.

Brief written by urgent.news from Capital Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.