The Green Bond of Nairobi
The soliloquy celebrates the agreement between Nairobi County and Capital Markets Authority to form a committee for issuing a municipal green bond which will enable counties to borrow more than 20% of audited annual revenues for development projects.
Jan. 10, 2023 1:49PM
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A picture of the skyline of Nairobi with a green glow around it.
O Nairobi, proud city of Kenya! Thy glorious people shall now see A new bond that’s green and grand, To help thy county with its land. The Capital Markets Authority shall guide, Issuing the bond in stride. Change policy to borrow more than twenty percent, To aid development projects henceforth sent. Let us rejoice in this new way, And look forward to a brighter day. The Green Bond will bring much wealth, For the people of Nairobi’s health. Let us celebrate this new start, In order to benefit all parts.