CRDB Bank Group Achieves Landmark Green Bond Listing on International Exchange
In a significant milestone for sustainable finance, CRDB Bank Group has successfully listed its Sh171.8 billion green bond, marking a groundbreaking moment for African financial institutions.
The innovative Kijani Bond represents a major step in climate-focused investment, demonstrating Tanzania’s commitment to sustainable economic development. With an unprecedented 429 percent subscription rate, the bond raises $65.7 million dedicated to critical green initiatives.
Strategic investments from the bond will support crucial sectors including renewable energy, climate-smart agriculture, clean cooking technologies, green building projects, water and sanitation infrastructure, and sustainable transportation.
CRDB Bank Group’s CEO highlighted the listing as more than a financial achievement, emphasizing it as a pivotal collaboration between Africa and Europe in green finance. The bond’s success signals Africa’s growing readiness to participate in sustainable financial markets.
As an accredited UN Green Climate Fund entity, CRDB Bank continues to position itself as a leader in sustainable finance across East and Central Africa. The landmark listing underscores Tanzania’s progressive approach to climate goals under President Samia Suluhu Hassan’s leadership.
This groundbreaking green bond represents a transformative moment in Africa’s financial landscape, showcasing the continent’s potential to drive meaningful environmental and economic change through innovative financial instruments.
