🌿Opportunities in Kenya
Green Bonds and Sustainable Investment Instruments
Kenya has pioneered the issuance of green bonds to fund environmentally friendly projects. The Kenya Green Bond Programme, launched in 2017, promotes financial sector innovation by developing a domestic green bond market. This initiative enables the financing of projects in renewable energy, energy efficiency, and sustainable agriculture.
Green Taxonomy and Climate Risk Disclosure
In April 2025, the Central Bank of Kenya released the Kenya Green Finance Taxonomy (KGFT) and the Climate Risk Disclosure Framework (CRDF). These tools aim to promote sustainable economic practices by providing guidelines for classifying green activities and managing climate-related financial risks.
Access to International Climate Funds
Kenya is leveraging international climate finance to support its green initiatives. For instance, the Green Climate Fund has approved funding proposals aimed at transforming livelihoods through climate-resilient, low-carbon, sustainable agricultural value chains in regions like the Lake Region Economic Bloc.
Carbon Market Development
Kenya is actively participating in carbon markets, offering opportunities for projects that generate carbon credits. These markets provide financial incentives for initiatives that reduce greenhouse gas emissions, such as reforestation, renewable energy projects, and energy-efficient technologies.
Notable Green Finance Initiatives in Kenya
Africa's largest wind farm, the Lake Turkana Wind Power Project, contributes approximately 310 MW to Kenya's national grid. This project significantly boosts the country's renewable energy capacity and reduces reliance on fossil fuels.
Supported by the Green Climate Fund, this initiative focuses on transforming livelihoods through climate-resilient, low-carbon, sustainable agricultural value chains in Kenya's Lake Region Economic Bloc.
Launched in 2017, the Kenya Green Bond Programme aims to develop a domestic green bond market to finance projects that deliver environmental benefits, such as renewable energy and sustainable agriculture.
Located in Kajiado County, the Kipeto Wind Power Station contributes 102 MW to Kenya's power grid, supporting approximately 250,000 households and advancing the country's renewable energy goals.