Tag: green bond
According to latest data from the Controller of Budget in Kenya 25 of the 47 counties spent nothing on development in the first quarter to September, hurting job creation and infrastructure projects in the devolved units. This is a 45 per cent drop compared to the $34.6 million governors spent on development activities in a similar period a year ago. Also, commercial banks are on course to post another full-year of double-digit growth in profits. Moreover, Kenya’s first green bond started trading on the Nairobi Securities Exchange for the first time. Reginald Kadzutu, Economic Analyst joins CNBC Africa for more.
Nigeria’s Minister of State for Environment Ibrahim Usman Jibril says the listing of the 10.69 billion naira, 5-year Sovereign green bond is the first of many to come, as the ministry aims to return to the market before the end of the year. CNBC Africa caught up with him from the floor of the NSE for more details.