White & Case LLP (JD Supra Kenya)

Shari'ah-compliant financial products are needed to enhance financial inclusion in Africa - Although Islamic finance assets still represent less than 1 percent of global financial assets, and growth slowed somewhat in 2017, the global Islamic asset base grew from approximately US$200 billion in 2003 to an estimated US$2 trillion at the end of 2016. It is projected by some industry experts to...

For decades, the International Monetary Fund (IMF) has played an important, if at times controversial, role in the economies of sub-Saharan Africa. Its mandate has evolved over the years from a principal focus on ensuring monetary stability and mitigating the effects of liquidity crises toward promotion of long-term macro-economic development and "social" goals. Given its increasingly...

Achieving sustainability objectives through innovative funding of climate-change projects. The first green bond was issued only ten years ago, but since then the market's depth and volume has increased exponentially. Green issuances are now considered mainstream. While sovereign issuers were initially slow to issue them, they now realize that green bonds offer easy access to a large and...