Kenya’s First Green Bond Fund for Counties Launched

Kenya has launched a Ksh5 billion Green Bond Fund for Counties to finance climate-resilient infrastructure like solar streetlights, rainwater harvesting, and electric boda charging stations. The fund, managed by the Council of Governors and AfDB, allows counties to issue green bonds with national guarantees. Nakuru and Kilifi are the first beneficiaries, raising Ksh500 million each for waste-to-energy and coastal restoration. The Capital Markets Authority provides listing support. The initiative empowers counties to access capital markets while advancing Kenya’s climate commitments under the Paris Agreement and Vision 2030.