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Green bonds offer hope, and risk, in Africa's climate fight
Green bonds offer hope, and risk, in Africa's climate fight
Economy
by  AFP

It only took two days for Nigeria to raise $59 million through green bonds -- part of a funding drive for climate and environmental projects in a nation still hooked on oil. Green bonds are similar to sovereign bonds: Investors are paid interest on what is essentially a loan to the government, but in this case the money funds environmentally friendly projects.