CoSSE-FSD PARTNERSHIP TO DEVELOP SADC GREEN BOND MARKET

By 2021-03-12Uncategorized

FSD Africa and CoSSE on the 11th of March 2021 signed a Co-operation Agreement to support the development of a SADC green bond market. The agreement will support the SADC’s 16 member countries to leverage domestic and international capital markets for investment in green projects.

The FSD Africa-CoSSE partnership programme will support member countries and both private and public sectors to issue green bonds, creating a favourable ecosystem and improving knowledge and capacity for sustainable investments.

The programme will also help SADC countries to develop listing guidelines and regulations for green bonds, build a pipeline of potential green bonds issuers, tap the countries’ institutional investment community for investment into green bonds, train stakeholders on climate finance and support the adoption of climate-related financial reporting and disclosure

James Duddridge, UK Minister for Africa, said:

“Climate change is the most important challenge facing future generations and ahead of COP26, our partnerships with African nations are building resilience and driving clean growth. This landmark agreement will increase access to green finance, create jobs and help support a sustainable recovery from COVID-19 to deliver for those on the forefront of the climate crisis and our planet”.

Mark Napier, CEO, FSD Africa, said:

“In recent years SADC countries have experienced extreme climate-related challenges including drought and cyclones. Green bonds can be an excellent way to channel SADC significant capital resources into job-creating projects that can help pivot the region towards a low-carbon economy and protect it from environmental shocks”

Thapelo Tsheole, CoSSE Chairperson said:
“CoSSE is pleased to consistently deliver on its objective to encourage the transfer of securities
markets’ intellectual capital and technical expertise of member countries of CoSSE. This
milestone Co-operation Agreement with FSD Africa to support the development of a green bond
market in the SADC region represents the hard work and commitment to the development of
African capital markets by both parties.

As CoSSE, we usher in this new chapter with pride and
we are committed to promoting the uptake of this programme by the SADC region. We extend
gratitude to FSD Africa for this partnership and we remain committed to the development of the
region”.

Download the full press release below:

FSD-Africa-reinforces-commitment-to-the-climate-agenda-through-partnership-to-develop-a-green-bond-market-in-th