Zambia

SEC joins SBFN

The Bankers Association of Zambia joins SBFN

BOZ publishes the Banking and Financial Services (Green Loans) Guidelines

Government launches the Carbon Market Framework for Zambia. These are Guidelines for the Submission and Evaluation of Mitigation Activities Under Article 6 of the Paris Agreement.

The Copperbelt Energy Corporation Plc (CEC) registers the Country's debut Green bond (Green Medium Term Note Programme), the first in the Zambian Capital Market .The US$200 million Green Bond, structured as a programme, whose proceeds will accelerate the actualisation to generate at least 200MW of renewable energy using solar energy with possible storage implementation. The Green Bond was issued under CEC Renewables, investment vehicle established by the CEC Group, through which renewable energy development is actualised.

The Ministry of Green Economy and Environment initiates the development of the National Green Growth Strategy

BIOFIN Zambia establishes the Green Finance Mainstreaming Working Group, the main vehicle for the mainstreaming of green finance, composed of three financial regulators; SEC, the Bank of Zambia (BOZ) and the Pensions and Insurance Authority (PIA).Membership to the working group has since grown to include the Ministry of Finance and National Planning, the Ministry of Green Economy and Environment and the Zambia Institute of Chartered Accountants among others.

The Securities and Exchange Commission (SEC) develops the Green Bond Guidelines