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Originally published by Capital Business
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business
December 17, 2025
2h ago

Individual investors dominate Safaricom green bond issue

Individual investors dominate Safaricom green bond issue

NAIROBI, Kenya, Dec 17 - Individual investors dominated Safaricom’s inaugural green bond issue, accounting for 96 percent of total applications as the Kenya breaking news | Kenya news today |..

✨ Key Highlights

Individual investors overwhelmingly led Safaricom's first-ever green bond issuance, which was formally listed on the Nairobi Securities Exchange (NSE). The bond attracted applications totaling Sh41.4 billion, significantly oversubscribed by 175 percent.

  • Safaricom will take up Sh20 billion in the initial tranche, marking the largest green bond issuance in Kenya to date.
  • A total of 2,453 retail investors participated, with 59 percent of applications and payments largely processed through USSD and M-PESA.
  • The proceeds will fund energy-efficient projects, including 5G network rollout and solarization of network sites, reflecting Chief Finance Officer Dilip Pal's confidence in Safaricom's long-term strategy.

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