Africa Africa’s green bond market is booming – report By Bonface Orucho, bird story agency Green bonds are experiencing robust growth in Africa as governments, corporations, and financial institutions recognize their potential to fund sustainable projects. A new report shows green bond issuances in Africa jumped 125% last year, hitting US$1.4 billion from US$600 million in 2022. The report, ‘Emerging Market Green Bonds’ by the International Finance Corporation and Amundi, a European asset manager […] todayJune 3, 2024 11
insert_link Environment Analysis: Michelin’s no-deforestation claims in Indonesia rubber plantation a stretch Rubber manufacturer Michelin claims to have avoided millions of tons of carbon emissions and saved thousands of hectares of primary forest in a sustainable rubber plantation project in Indonesia. Michelin joined the project in 2014 after buying a stake in the Indonesian rubber company RLU, which in 2018 raised $95 million in green bonds. In 2022, Michelin became RLU’s sole shareholder, and repaid the green bonds raised by the project. […] todayMay 30, 2024 25
insert_link Africa African nations are increasingly favouring green bonds over emissions trading to power their transition to green energy. By Conrad Onyango, bird story agency African countries are now favouring raising funds for projects that have positive climate and sustainability outcomes over emissions trading as green bond issuances soar across the continent. While legislative plans to regulate the sale of carbon credits are proliferating the continent, this race has been beset by controversies, with critics claiming it allows companies to continue polluting without reducing their emissions. Green bonds are becoming […] todayNovember 15, 2023 6
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
