In 2008, then Kenyan president Mwai Kibaki launched Vision 2030, a long-term development blueprint for the country. The vision was to create a “newly industrializing, middle-income country providing a high quality of life to all its citizens by 2030 in a clean and secure environment”.
It would go on to be the bedrock for Kenya’s developing sustainable finance efforts, according to Huib-Jan De Ruijter, Director, Financial Institutions at FMO, the Dutch development bank, which has helped put sustainable finance on the map in Kenya. “They were really about bringing Kenya to a globally competitive and prosperous country with a high quality of life by 2030.”
Sustainable Finance Initiative
Against this backdrop the Sustainable Finance Initiative (SFI) took root. Headed by the Kenya Bankers’ Association (KBA), the banking sector-led initiative came together in 2013 to put together the SFI Principles: a Kenya-specific set of harmonised guidelines…