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Originally published by Tech Arena
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December 17, 2025
2h ago

Safaricom Lists Kenya’s Largest Green Bond as Retail Investors Take 96% of Applications

Safaricom Lists Kenya’s Largest Green Bond as Retail Investors Take 96% of Applications

Safaricom’s Green Bond has been listed on the NSE after attracting strong retail participation, with most investors applying via USSD and paying through M-PESA...

✨ Key Highlights

Safaricom has officially listed Kenya’s largest Green Bond on the Nairobi Securities Exchange (NSE), with retail investors accounting for an overwhelming 96% of applications.

  • Safaricom received total applications worth KES 41.4 billion but will take up KES 20 billion in the first tranche, oversubscribed by 175%.
  • 2,453 individual investors drove the majority of applications, highlighting increased retail engagement in capital markets.
  • The bond proceeds will fund sustainability projects, including 5G rollout and solar-powered network sites.

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