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Last Updated:
04/05/2024
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Latest Case Studies

Timeline

  • 2024
    Framework Development
    • Kenya Bankers Association (KBA) published Kenya Sustainable Finance Guiding Principles

  • 2023
    Research and Engagement
    • CBK and IFC host Inaugural Africa Climate Business Forum

    Framework Development
    • Climate Change Act 2023 ammendments introduce a framework for carbon trading

    • KBA develops Banks’ Climate-Related Financial Disclosures Reporting Template

    • Kenya National Treasury publishes Draft National Green Fiscal Incentives Policy Framework

  • 2022
    Framework Development
    • The National Treasury and the Kenya Private Sector Alliance publish Kenya Private Sector Strategy on Climate Change Solutions (2022 - 2030)  to mitigate climate risk and promote green growth

    • Central Bank of Kenya publishes (Digital Credit Providers) Regulations 2022 to promote consumer protection 

    • KBA publishes Report on Environmental Risk Exposure in the Kenyan Banking Sector

    Research and Engagement
    • The National Treasury and the Kenya Private Sector Alliance publish Barrier and Challenges Analysis of Private Sector Investments in Climate Change

  • 2020 - 2021
    Market Actions and Impacts
    • Green bond issuance to the value of $40 million

    • 33 banks submit Digital Accessibility for Persons with Disability roadmaps

    • KBA launches Digital Accessibility for Persons with Disabilities initiative

    • KBA Publishes Sustainable Finance Voluntary Report with 22 of 47 banks submitting reports

    Framework Development
    • KBA updates Sustainable Finance Principles and Framework to incorporate CBK Climate Risk Guidelines

    • CBK issues the Guidance on Climate Related Risk Management Guidelines

    • CBK and Kenya National Treasury launch National Credit Guarantee Scheme

    Research and Engagement
    • Kenya National Treasury publishes the Landscape of Climate Finance in Kenya Report, which is the first attempt to track the country’s climate finance flows since the Paris Agreement

    • KBA publishes the Report on the State of Sustainable Finance in Kenya’s Banking Industry

  • 2019
    Market Actions and Impacts
    • National Assembly Finance and Planning Committee introduces to the Finance Bill 2019 a withholding tax exemption on green bonds

    • Capital Markets Authority approves the modification of NSE Listing Rules to incorporate Green Bonds

    Framework Development
    • The Capital Markets Authority (CMA) of Kenya issues Policy Guidance Note on Green Bonds for legal framework for issuing listed and unlisted green bonds

    • Nairobi Securities Exchange publishes the Kenya Green Bond Market Issuer’s Guide

    • KBA publishes Kenya Green Bond Guidelines Background Document

  • 2016 - 2018
    Market Actions and Impacts
    • KBA, Nairobi Securities Exchange and partners launch Green Bond Program

    Research and Engagement
    • KBA launches Sustainable Finance Catalyst Awards

    • Nairobi Securities Exchange issues Green Bonds Training Material

    • Kenya National Treasury publishes the National Policy on Climate Finance

    Framework Development
    • KBA publishes first Shared Value Report

  • 2013 - 2015
    Research and Engagement
    • KBA launches the Sustainable Finance Initiative (SFI) with the support of Kenyan banks to advance the sustainability agenda industry-wide

    • KBA joins SBFN

    Framework Development
    • KBA launches Sustainable Finance e-Learning Platform

    • KBA issues the Kenya Sustainable Finance Principles and Guidelines