First, there was the meltdown in the technology and telecommunications industries, which began in late 2000 and the effects of which are still being felt today. The second was the broader economic slowdown in 2001 that affected, to various degrees, the economies of most countries. Third, and overshadowing every other event last year, was the 11 September terrorist attacks.
In 2019, we launched the regulatory framework for Kenya’s bond market and in September issued the first green bond of USD 45 million. This joins other issues in Africa of under USD.2 billion out of an estimated global green bond issuance of USD.167.3 billion. How then do we scale up sustainable finance across Africa?