Green Finance - Big3Africa.org

Kenya’s Mangrove Credits Restore Coasts and Revive Lives

Correspondent July 4, 2025

In Marereni, Kenya, a marine biodiversity credit program by Seatrees and COBEC is restoring mangroves and livelihoods. Through $3 “biodiversity blocks,” locals plant trees, boost incomes, and rebuild coastal resilience. Despite challenges, the project reports high survival rates and rising fish stocks.

Green Finance

New Report Warns Carbon Markets Could Devastate Africa’s Climate Future

Dan Kaburu June 18, 2025

A new report by African climate think tank Power Shift Africa is sounding the alarm: carbon markets—long championed as tools to fight climate change—could actually fuel emissions, deepen global inequality, and leave Africa grappling with long-term environmental and social consequences.

Green Finance

Kenya’s Climate Commitment Questioned as MPs Slash County Funding by 50%

Peter Ngare May 27, 2025

Kenya’s commitment to climate action continues to be put to doubt, with the recent move…

Green Finance

Kenyan MPs Demand Local Use of Climate Fund Cash

Peter Ngare May 26, 2025

Kenyan MPs want Green Climate Fund money used locally to benefit communities, not foreign consultants. They’re pushing for greater involvement in climate projects like FLLOCA and demanding accountability in fund allocation and use.

Green Finance

Counties Struggle to Tap Green finance for Sustainable Development

Peter Ngare May 19, 2025

According to the Financial Sector Deepening Kenya (FSD Kenya) Trust, the main reason for counties paralysis in unlocking green financing is continued heavy reliance on grants rather than exploring other financing models such as green bonds, concessional loans, and blended finance.

Green Finance

KCB Doubles Green Loans Disbursement to KES 53 billion

Peter Ngare May 17, 2025

Kenyan banks are racing to increase the amount of loans advanced to environmentally friendly projects as the country and the world battle to minimize the impact of climate change by increasingly financing to less harmful projects.

Green Finance

Kenya and South Africa Banks Drive Africa’s Green Finance Shift

Peter Ngare May 16, 2025

Economists say that African economies and their central banks need to transform the financial system to mobilize investments to address the climate crisis, which is expected to hit agriculture, water, energy and tourism in Kenya, denting economic output by more than 7% by 2050 if the country does not take action.

Green Finance

National Carbon Registry on the way as Kenya Eyes Carbon Markets

Big3Africa News Desk November 12, 2024

According to National Environment Management Authority (NEMA) Director General Mamo B. Mamo, the Kenyan government is accelerating the development of three key regulations to activate carbon markets. Following the recent Climate Change Act of 2016 amendment, governance measures for both carbon markets and non-markets have been established.

Green Finance

COP29 Agrees International Carbon Market Standards

Big3Africa News Desk November 12, 2024

The recent endorsement of global carbon market standards under Article 6.4 during COP29 in Baku marks a significant development in climate finance and carbon emissions trading, especially beneficial for developing countries like Kenya. This standard allows countries to trade carbon emission reductions, aiming to accelerate the implementation of climate action plans through financial support and accessible carbon markets.

Green Finance

Kenya Leads East Africa in Consumption-Based Carbon Emissions

Big3Africa News Desk October 29, 2024

Kenya has emerged as the leading country in East Africa regarding per-capita consumption-based carbon emissions. According to recent data, the average Kenyan lifestyle contributes approximately 0.6 tonnes of carbon dioxide (tCO₂) per person annually.