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🇺🇬 Uganda /Economy & Trade

Uganda to Issue First Sovereign Green Bond Targeting $500 Million

From AllAfrica Uganda · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • The Ugandan government plans to issue its first sovereign green bond early next year, aiming to raise up to $500 million.
  • The bond issuance is part of the government's strategy to finance environmentally friendly projects.
  • Funds raised will support initiatives aligned with sustainable development goals.

Uganda is set to launch its inaugural sovereign green bond in the coming year, signaling a significant step towards sustainable financing. The government aims to raise as much as $500 million USD, equivalent to approximately 1.865 trillion Ugandan shillings, through this initiative.

This move aligns with global efforts to promote environmentally conscious investments. The proceeds from the green bond are earmarked for projects that support sustainable development, focusing on initiatives that have positive environmental impacts. This could include investments in renewable energy, conservation efforts, or climate change adaptation projects.

The issuance of a sovereign green bond demonstrates Uganda's commitment to integrating environmental considerations into its economic strategy. It also presents an opportunity for investors seeking to align their portfolios with sustainable principles while supporting the development goals of an emerging economy.

DistantNews Editorial

Originally published by AllAfrica Uganda in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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