Green Financing Developments

HIGHLIGHTS

Major trends and developments in the financial services sector in February 2025 include:
•Kenya has secured its first debt-for climate swap with Germany involving Sh. 8 billion in debt forgiveness in exchange for Kenya’s implementation of the 300MW Bogoria-Silale geothermal power project.
•The Central Bank of Kenya (CBK) has announced a move to fine banks for not cutting the cost of loans- the first time the regulator is seeking to invoke Section 55 of the Banking Act which allows CBK to fine banks for failing to follow regulatory direction.
•The Capital Markets Authority (CMA) has introduced new Trading Rules aimed at providing a structured process for listed firms facing financial and governance difficulties to recover, including through placement on a Recovery Board for a maximum period of 2 years.

Read more here: Green Financing Developments, CBK Enforcement Action And NSE Rules For Troubled Firms

Disclaimer:

The information provided in this article is intended for informational purposes only and should not be construed as legal advice. Don’t hesitate to get in touch with us at info@koassociates.co.ke for any queries or legal advice.