Speaking at the seminar, Thapelo Tsheole, Chief Executive Officer of the Capital Market Authority, stressed the country's growing achievements in green finance.
'Rwanda's commitment to green finance is evident through its Sustainable Finance Roadmap, which provides strategic direction for scaling up sustainable investments while ensuring the resilience of the financial system,' he said.
A significant milestone in Rwanda's financial sector has been the introduction of Environmental, Social, and Governance (ESG) Reporting Guidelines for the Rwanda Stock Exchange (RSE).
'These guidelines align Rwanda's financial markets with international sustainability standards, enhancing transparency, accountability, and responsible investing,' Tsheole noted. He added that the move has significantly boosted investor confidence and improved market efficiency through adherence to global best practices.
Among other notable developments is the launch of Green, Social, and Sustainability (GSS+) Bonds, structured in line with standards set by the International Capital Market Association (ICMA) and the Climate Bonds Initiative (CBI).
'The successful issuance of these bonds affirms Rwanda's commitment to creating credible and attractive green investment opportunities, ensuring our financial markets remain globally competitive,' said Tsheole.
In addition to GSS+ Bonds, the Rwanda Development Bank (BRD) has issued two Sustainability-Linked Bonds, while Prime Energy Plc launched a Green Bond to finance environmentally sustainable projects.
'These issuances highlight our dedication to leveraging capital markets to support climate-resilient development while enhancing investor confidence,' Tsheole added.
Rwanda's robust green finance agenda is designed to attract private sector investment into climate-related initiatives, deepen capital market development, and align national policies with international frameworks such as the Paris Agreement and the Sustainable Development Goals (SDGs).
These efforts also contribute to fostering responsible investing and strengthening the overall credibility of Rwanda's financial sector. With progressive policies and ongoing innovation in green finance, Rwanda is well on its way to becoming a continental leader in sustainable financial development.
IGIHE
Source : https://en.igihe.com/news/article/rwanda-s-capital-market-strengthens-commitment-to-green-finance
