Fintech Entrepreneurs Aim to Spur Green Bond Issuance in Africa
- Platform to enable companies to issue from under-funded region
- Green Exchange targets $5 billion of green debt sales
Source: The Green Exchange
This article is for subscribers only.
The need to finance more environmental projects in Africa is driving two entrepreneurs to start the first exchange dedicated to green bonds.
The Green Exchange, to be based in Ghana’s capital Accra, aims to enable companies to issue billions in green bonds and for investors to trade the debt in a secondary market, said Orla Enright, its chief executive officer. So far Africa has missed out on a global boom in borrowing to fund projects that help mitigate climate change.