*Kenya targets issuing first Sh65bn sustainability-linked bond by June* Kenya is set to issue its first sustainability-linked bond by June, targeting to diversify financing sources to cover the annual budget deficit. Sustainability bonds proceeds are exclusively used to finance or re-finance projects that improve social and environmental sustainability. The Sh65 billion sustainability-linked bond has been included for the first time under projected changes to the 2024/25 budget which runs to June 30, 2025. Source: Business Daily