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Originally published by The Standard Business
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December 10, 2025
10h ago

Safaricom's debut green bond oversubscribed 175pc, raises Sh20b

Safaricom's debut green bond oversubscribed 175pc, raises Sh20b

Safaricom said on Tuesday evening its debut green bond was oversubscribed by 175.7 per cent drawing Sh41.6 billion in investor bids and allowing it to raise Sh20 billion for sustainability projects...

✨ Key Highlights

Safaricom has announced that its inaugural green bond was significantly oversubscribed, attracting Sh41.6 billion in investor bids and enabling the company to raise Sh20 billion for sustainability initiatives.

  • The green bond was oversubscribed by a remarkable 175.7 percent.
  • Safaricom's CEO, Peter Ndegwa, confirmed the successful capital raise.
  • The funds will be allocated to various sustainability projects, demonstrating Safaricom's commitment to environmental responsibility.

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