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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Safaricom Lists Green Bond and Backs Drivers; Kenya Airways Appoints New CEO - December 2025
Safaricom has increased its support for Kenyan drivers and boda boda riders through a mobility workforce festival in Nairobi, aiming to boost their earnings, safety, and financial security. In another development, the company's first-ever green bond issuance was formally listed on the Nairobi Securities Exchange (NSE). The bond attracted applications totaling Sh41.4 billion, which was an oversubscription of 175 percent, and was overwhelmingly led by individual investors. Separately, Kenya Airways (KQ) has appointed Captain George Kamal as its Acting Group Managing Director and Chief Executive Officer. Captain Kamal's appointment follows the conclusion of Allan Kilavuka's tenure.
