Tanzania’s CRDB Kijani Bond listed on Luxembourg Stock Exchange
CRDB Bank Group CEO, Abdulmajid Mussa Nsekela (2nd left), Chargé d’Affaires at the Tanzanian Embassy in Belgium and Luxembourg, Mr Juma Ali Salum (left), Luxembourg Stock Exchange Chief Commercial Officer, Arnaud Delestienne (2nd right), CRDB Bank Chief Financial Officer, Fredrick Nshekanabo (right), and Head of Listing and Regulatory Affairs at LuxSE Paula Redondo ring the bell at the Luxembourg Stock Exchange on June 30, 2025 to mark the listing of CRDB’s Kijani Bond. PHOTO | COURTESY
What you need to know:
- A statement from CRDB Bank Group’s headquarters in Dar es Salaam said yesterday that the Kijani Bond is now featured on the Luxembourg Green Exchange (LGX), a platform for sustainable finance
Dar es Salaam. CRDB Bank Group has listed its Sh171.8 billion green bond on the Luxembourg Stock Exchange (LuxSE), becoming one of the first commercial banks in Sub-Saharan Africa to achieve such a listing.
The move to list CRDB Bank Group’s Kijani Bond at the LuxSE highlights Africa’s participation in global climate-focused investment markets.
A statement from CRDB Bank Group’s headquarters in Dar es Salaam said yesterday that the Kijani Bond is now featured on the Luxembourg Green Exchange (LGX), a platform for sustainable finance.
The listing was marked on June 30 with a Ring the Bell ceremony at LuxSE, attended by CRDB Bank Group CEO Abdulmajid Mussa Nsekela, LuxSE chief Commercial Officer Arnaud Delestienne, and Tanzania’s Chargé d’Affaires to Belgium and Luxembourg, Mr Juma Ali Salum.
Representatives from Orbit Securities, the sponsoring broker for the bond, also attended.
“This listing is more than a financial milestone; it is a step forward in Africa–Europe collaboration on green finance,” said Mr Nsekela.
He said the fact that the bond was subscribed by 429 percent shows that Africa is ready to take part in sustainable finance.”
The Kijani Bond, the first of its kind in Tanzania and among the largest green bonds in the region, raised the equivalent of $65.7 million.
The proceeds are being directed to renewable energy, climate-smart agriculture, clean cooking, green buildings, water and sanitation, and transport.
LuxSE’s Mr Delestienne said the listing shows how global capital markets can support Africa’s green transition.
“It reflects the continent’s role in sustainable finance,” he noted.
Mr Salum commended CRDB’s work, calling the listing “a moment of recognition” for Tanzania under President Samia Suluhu Hassan.
“It reflects our country’s commitment to climate goals,” he said.
As an accredited entity of the UN Green Climate Fund, CRDB Bank continues to grow its role in sustainable finance across East and Central Africa.
