On 1 July 2025, CRDB Bank Group listed its inaugural green bond, the Kijani Bond, on the Luxembourg Stock Exchange (LuxSE), becoming one of the first commercial banks in Sub-Saharan Africa to have a domestically issued green bond admitted on LuxSE and featured on the Luxembourg Green Exchange (LGX).
The Kijani Bond, which raised TZS 171.8 billion (USD 65.7 million), is the first green bond of its kind in Tanzania and one of the largest in Sub-Saharan Africa to date.
The proceeds are being deployed to finance projects in renewable energy, climate-smart agriculture, clean cooking energy, sustainable water systems, green buildings, and environmentally friendly transport in Tanzania.
The listing was officially marked by a Ring the Bell ceremony held on 30 June 2025 at LuxSE, attended by CRDB Bank Group CEO Abdulmajid Mussa Nsekela, LuxSE Chief Commercial Officer Arnaud Delestienne, Chargé d’Affaires at the Embassy of Tanzania to Belgium and Luxembourg Juma Ali Salum, and senior representatives from Orbit Securities, the sponsoring broker for the bond.
Speaking at the event, Nsekela said: “This listing represents more than the culmination of a financial transaction; it marks a new chapter of partnership between Africa and Europe in financing the green transition. We are proud to be pioneers in this space, raising the equivalent of USD 65.7 million through our first green bond which was oversubscribed by 429%.”
Delestienne added: “We are honoured to welcome CRDB Bank and its pioneering green bond to the Luxembourg Stock Exchange. This serves as a strong example of how international capital markets can help mobilise funding to ensure access to vital services and accelerate the green transition in Africa.”
Salum said: “Today’s listing is a proud moment for Tanzania and a proof to our nation’s commitment to the global climate agenda under the visionary leadership of Her Excellency President Dr. Samia Suluhu Hassan. CRDB Bank’s Kijani Bond reflects Tanzania’s ambition to be a model of inclusive, climate-resilient growth.”
CRDB Bank is an accredited entity of the United Nations Green Climate Fund (UN-GCF). The listing on LuxSE is expected to enhance its access to international capital for sustainability-focused investments.
The Kijani Bond is aligned with global sustainable finance standards and includes governance and reporting frameworks to ensure transparency and impact tracking.
The bank reports that funds have already been used to support women- and youth-led businesses and improve livelihoods in Tanzania.
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