Category: Blended finance
The Vision 2030 blueprint means Kenya is an East African leader in sustainable finance The Vision 2030 blueprint means Kenya is an East African leader in sustainable finance The Vision 2030 blueprint means Kenya is an East African leader in sustainable finance
Nov 18th, 2019
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…