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.
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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.
