Nairobi, March 16 -- Prime Energy Plc, a renewable energy independent power producer in Rwanda, has received approval from the Capital Markets Authority to issue the first-ever green bond in the country.

In a statement on Wednesday, the utility said the approval allows it to take steps toward offering the green bond to the public and listing on the Rwanda Stock Exchange (RSE).

"The Capital Markets Authority of Rwanda is pleased to have approved Prime Energy's issuance of the first green bond in the Rwandan market," said Eric Bundugu, Rwanda Capital Markets Authority CEO.

"This bond marks another milestone on diversification of asset classes while deepening the Rwanda capital market. This landmark achievement reflects a significant step...