Cape Water Nature-Linked Outcomes-Based Bond
Sector: Water Supply and Storage • Location: Greater Cape Town, Western Cape, South Africa
Source: Nova News
Rand Merchant Bank (RMB) launched Africa's first nature-linked outcomes-based bond, a R2.5 billion financial instrument that ties investor returns directly to environmental restoration success. The bond funds invasive plant removal to boost water security in the Western Cape, focusing on the Boland Grootwinterhoek area that feeds into storage dams serving the Greater Cape Town region. The Nature C
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Company | Obfuscated Data |
Status
Original status | awarded |
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Available timestamps | 00-00-0000 |
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Description
Description | Rand Merchant Bank (RMB) launched Africa's first nature-linked outcomes-based bond, a R2.5 billion financial instrument that ties investor returns directly to environmental restoration success. The bond funds invasive plant removal to boost water security in the Western Cape, focusing on the Boland Grootwinterhoek area that feeds into storage dams serving the Greater Cape Town region. The Nature Conservancy South Africa will implement the conservation project, with the International Finance Corporation as the lead investor contributing R1.6 billion. The bond operates over five years and aims to increase streamflow into dams by clearing alien invasive plants, thereby addressing the water crisis in the Western Cape. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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