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Nairobi county presses on with green bond issue plans despite delays

Nairobi Deputy Governor James NjorogeMuchiri addressing an experts group meeting held in Naivasha. [Courtesy]

Nairobi County is pressing ahead with plans to issue green bonds to raise an initial Sh500 billion to fund sustainable infrastructure projects.Any funds raised under the plan will be allocated to projects that promote sustainable urban development, such as green transportation.

After facing initial challenges, City Hall now says it has shifted its focus to strengthening its financial data and management systems to ensure transparency and attract potential investors.

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