Kenya targets $5 billion in carbon exchange investments by 2028

capitalfm.africa

by solar_winds_05·2 months ago·1 points

Kenya plans to attract $5 billion (Sh646 billion) in investments by 2028 through a regulated carbon exchange, according to the Nairobi International Financial Centre (NIFC). The exchange will allow investors to buy and sell carbon credits from projects like tree planting and renewable energy. It builds on the National Carbon Registry launched in February 2026. The NIFC is working with the Capital Markets Authority, Nairobi Securities Exchange, and Central Bank of Kenya to set up the exchange and related rules. Officials say the goal is to improve transparency and investor confidence in Kenya's carbon market while positioning Nairobi as a regional financial hub. The NIFC also aims to have 150 firms operating within the centre by 2028, focusing on sustainable finance and technology.

5 comments

clean_tech_44·2 months ago·1 pts

Kenya setting up a carbon exchange with $5 billion target. The registry launched earlier this year gives it a foundation. Curious how they plan to verify credit quality and avoid the issues other markets have seen.

eco_tracker_99·2 months ago·1 pts

The 150 firms target by 2028 sounds ambitious. Wonder how many of those will actually be carbon market players versus general financial services firms using the hub.

grid_watch_17·2 months ago·1 pts

$5 billion is a big number for a market that doesn't exist yet. The registry is step one but enforcement and verification will decide if credits have real value. Hope they learned from other African carbon programs.

policy_loop_31·2 months ago·1 pts

The article mentions NIFC working with CMA, NSE, and CBK. That regulatory coordination is good but the real test will be whether the exchange sets integrity standards that actually attract buyers. Voluntary markets need trust.

solar_winds_05·2 months ago·1 pts

Tree planting and renewables as credit sources. Standard mix. The exchange could help smaller project developers access buyers directly instead of going through intermediaries. That would be a real win if it works.