Case Studies

 

On October 3, 2019, Acorn Holding Limited made history when it issued the first Green Bond in Kenya and by extension, the East African region. In the process, the vertically integrated real estate company, operating out of Nairobi, raised KSh4.3 billion for the development of environmentally-friendly student accommodation in the city. The security, a five-year project bond, was to fund the construction of six purpose-built, student accommodation properties in Nairobi. The projects were benchmarked against international Finance Corporation EDGE Platform (Excellence in Design for Greater Efficiencies)for water use, energy efficiency and low embodied energy in building materials, with the aim of achieving low operational utility costs and low carbon impact to the environment in the long term.