Nairobi, July 9 -- Kenya is aiming to raise Sh129.2 billion ($1 billion) from the issuance of sustainability-linked instruments, including loans and bonds, over the next two years as the country pushes for cheaper financing options.

The National Treasury, which published the Kenya Sovereign Sustainability-Linked Financing Framework last week, is expected to issue the securities in two equal tranches, starting September, 2026, according to disclosures by the World Bank.

The framework, which was created with the support of the multilateral lender, will allow Kenya to access cheaper financing based on climate targets, including commitments to reduce natural forest cover loss and increase electricity connections among the rural population....