Nigeria: Vetiva Capital Management & CBI sign Partnership agreement to develop a liquid green & climate bond market in Africa


Collaborative approach to green capital growth and attracting infrastructure investment


Caption:  (Partnership handshake from left) Zephia Ovia (Vetiva), Olumide Lala (Climate Bonds Initiative), Damilola Ajayi (Vetiva) and Oyelade Eigbe (Vetiva)


Vetiva Capital Management Limited (Vetiva) and Climate Bonds Initiative have signed a new partnership agreement with the goal to develop a liquid green and climate bond market in Africa. 

Vetiva has previously worked on a number of cross border transactions including a dual listing on the Nigerian and London Stock Exchanges, listed GDRs for Nigerian Companies and international capital raising transactions.

This new collaboration is in-line with Vetiva’s commitment to make the African continent more attractive to capital flows, in a sustainable and environmentally friendly manner, necessary for long-term infrastructure projects.

The announcement was made at a signing ceremony in Lagos with Olumide Lala Africa Markets Programme Manager, representing the Climate Bonds Initiative.


Who’s saying what

Mr. Damilola Ajayi, Group Executive Director Vetiva:

“Our engagement with Climate Bonds Initiative is on a basis of a shared vision to not only channel long-term funding into Africa, but to do so whilst addressing the challenges posed by climate change.”

“It is our firm belief that Africa is positioned to lead the climate change conversation globally whilst deepening the continent’s capital markets, and this collaboration is a step in the right direction.”


Ms. Justine Leigh-Bell, Deputy CEO and Director of Market Development, Climate Bonds Initiative:

“Nigeria is uniquely placed to have one of the largest pension fund schemes in Africa that if presented with attractive sustainable investment opportunities has the potential to drive the future development of the Nigerian economy.”

“This partnership with Vetiva Capital is a positive and encouraging first step to having investors in the Africa region help drive the demand for climate related investments.”


The last word

Nigeria is leading Africa on green finance at present, issueing the first Climate Bonds Certified Soverign Green Bond, in 2017, now foreshadowing a second sovereign issuance.

In July, FMDQ OTC Securities Exchange, FSD Africa and Climate Bonds launched a green bond market development programme with local stakeholders in a step-by-step rollout process.

The announcement with Vetiva Capital Management marks the latest stage of our local engagement and joint activities in Nigeria.


‘Till next time

Climate Bonds. 

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