SADC Green Bonds Programme

Project description

This project aims to accelerate the take-up of green bonds as a tool for SADC member countries to tap into domestic and international capital markets to finance green projects and assets.

The project will:

• Support the development of listing guidelines and regulations for green bonds.
• Support a pipeline of potential issuers
• Engage the institutional investment community to promote green bond issuance.
• Undertake training/capacity building of various stakeholders on climate finance.
• Support the adoption and/or enhancement of climate-related financial reporting/disclosures.

Target Results

• Contribute to a sustainable future in the SADC Region by facilitating climate change mitigation and resilience/adaptation investments in a fiscally transparent manner.
• Facilitate supportive regulatory conditions and a favourable ecosystem for green bonds and related product issuance.
• Demonstration of green bonds/related products issued.
• Improve regulator and market capacity and knowledge on sustainable investments.

Progress to date

• SADC Green Finance Demand Study was completed and disseminated via a webinar in collaboration with CoSSE in January 2022.
• A Programme Manager was onboarded to spearhead the implementation of key programme objectives.
• The SADC Green and Sustainable Bond guidelines were launched on 27^th April 2022.
• The revision of the Dar es Salaam Stock Exchange (DSE) Rules to allow for the issuance of sustainability-linked capital markets instruments in Tanzania was completed in April 2022.
• A workshop to sensitise the Tanzanian capital market on the revised DSE rules was held on 24^th to 26^th May 2022.
• Cim Financial Services Limited, Mauritius, issued the first green bond under the programme raising MUR 500million approx. 11m USD. This issuance is part of a five-year MUR3billion green bond programme.

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