Officials Advocate for More Financing of Green Buildings in East Africa
Banks and other financial institutions Kenya have been asked to provide incentives to green building developers. Goodman Kazoora, regional project manager at UN-Habitat, said such incentives would encourage and sustain the construction of such buildings, reports Standard Media. He said the organization will soon unveil a manual aimed at helping banks in the East African region deal with and attract green building clients.
“The manual will be … a tool that banks can use to come up with incentives, special mortgages and other financially attractive offers for people who want to build or buy green buildings,” Kazoora said during the Kenya Green Buildings Society’s annual conference held at Strathmore Business School in Nairobi.
He said UN-Habitat is researching and consulting widely with various stakeholders to come up with a manual that can be universally used, putting into consideration the interests of both the green building investors, clients and the banking fraternity.