Rwanda joins other African countries to issue first Green Bond.

Prime Energy, the Kigali-based hydropower company, has issued Rwanda's first Green Bond, valued at $7.3 million.

Why is this important: Rwanda will join other African countries taking proactive steps to invest in the needed energy infrastructure and increasing grid connectivity to rural areas while they build their sustainability credentials.

The bottom line: Most African countries like Rwanda see the vast potential of solar energy solutions leveraging the abundant temperature to add to the existing energy generation, transmission and distribution ecosystem to drive economic growth.