Ecobank Bets $450M Africa’s Biodiversity Can Be Saved
Bogdan Hofbauer
Ecobank is betting that saving African biodiversity is good business — and investors are all in. In May, Togo’s Ecobank became the first commercial bank in Africa to issue a nature bond, mobilizing $450 million that will primarily be utilized to finance sustainable agriculture, biodiversity, and water infrastructure across sub-Saharan Africa. Floated at the main market of the London Stock Exchange, it is being touted as the world’s first commercial bank-issued nature bond that meets standards
din zilele anterioare