C
Originally published by Capital Businessbusiness
November 25, 2025
10h ago
Safaricom unveils first Sh15bn green bond under Sh40bn note program
NAIROBI, Kenya, Nov 25 – Safaricom has rolled out the first KSh15 billion tranche of its KSh40 billion Domestic Medium-Term Note Programme, issuing the debut instalment as a tax-exempt green bond. The firm also has the option to raise an additional KSh5 billion if the offer is ..
✨ Key Highlights
Safaricom has launched the first KSh15 billion tax-exempt green bond as part of its larger KSh40 billion Domestic Medium-Term Note Programme. This initiative aims to fund sustainable projects, offering investors a tax-free interest rate of 10.4 percent.
- The offer runs from November 25 to December 5 with a minimum investment of KSh50,000.
- CEO Peter Ndegwa highlighted the bond's alignment with Safaricom’s long-term strategy and sustainability goals.
- This is Kenya’s largest green bond to date and the first allowing mobile-based subscriptions, according to Group Chief Finance Officer Dilip Pal.
Continue Reading
Read the complete article from Capital Business
