Safaricom, Mars Wrigley, Kalahari Cement and Urysia Announce Major Expansions in Kenya - November 2025

Safaricom has launched the first KSh15 billion tax-exempt green bond as part of its larger KSh40 billion Domestic Medium-Term Note Programme, aimed at funding sustainable projects. In the manufacturing sector, Mars Wrigley has invested Sh4.3 billion ($33 million) to expand its Athi River plant with a new sugar-free gum production line, reinforcing Kenya's position as a regional hub. In a major acquisition, Kalahari Cement has acquired a 27 percent stake in East African Portland Cement (EAPC) from the National Social Security Fund (NSSF) for Sh1.6 billion. Additionally, Urysia Limited has expanded its automotive lineup in Kenya by adding Jeep and Citroën brands, transitioning from a single Peugeot dealership to a multi-brand operation.