Kenya Commemorates Green Energy with Legal Tender
“Green Energy” is the theme of the new look Kenya KSh50 note describing Kenya’s ambition to become a beacon of clean energy use and eco-friendly products. On Kenya’s Madaraka Day, June 1st, 2019, the Central Bank of Kenya launched the new generation bank notes featuring thematic areas Kenya is growing in alongside their Big Five animal counterparts. The ‘big five’ animal for the new KSh50 note is the buffalo and the renewable energy themes reflecting the use of the country’s vast renewable energy sources.
AHK Kenya lauds this new note as it is a daily reminder of the mission to shift the world towards a green economy fueled by renewable energy – and the remarkable transition Kenya’s electricity supply is currently going through. Kenya’s electricity sector is projected to reduce fossil fuel dependency to almost 0% by 2021, with more than 90% electricity generated from renewable sources already in 2019. Main contributors are Hydro, Geothermal, Wind and Solar energy – hence the portrayal of the latter three sectors on the new KsH50 note.
Kenya’s progress on the pathway towards a greener economy is also reflected in other economic sectors than electricity. The Guide to Green Economy-Kenya, launched by AHK Kenya in February this year, features real Kenyan projects, factories, buildings and farms leading the way in minimizing their ecological footprints and together laying the groundwork for an economic model that takes into account the needs of the future generations.
For further reference, please visit the CBK website.