BII to devote at least 30% of its green bond to Africa
This climate financing in the form of a basket bond, the first of its kind for the British institution, represents $22.5 million and should finance three to five financial institutions on the continent. According to BII, the countries and financial institutions have yet to be confirmed.
17/06/2022 at 14h48, by Africa Business+
British International Investment (BII), the UK’s development finance institution – formerly CDC – recently subscribed to a $75 million green basket bond to finance small businesses and green micro-projects in multiple countries in Africa and South East Asia through local financial institutions specialising in MSME finance.