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Originally published by The Standard Business
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August 1, 2026
2h ago

Safaricom, EABL spark corporate bonds frenzy

Safaricom, EABL spark corporate bonds frenzy

Double-digit returns offered by notes listed on the Nairobi Securities Exchange (NSE) in 2025 appear to have fuelled nearly an 80 per cent increase in pension assets allocated to corporate bonds...

✨ Key Highlights

Pension fund assets allocated to corporate bonds surged by nearly 80% in 2025, reaching Sh17.4 billion, marking the highest growth in five years.

  • This surge was significantly fueled by the successful listing of major corporate bonds by Safaricom and EABL, which were both oversubscribed.
  • The Retirement Benefits Authority (RBA) reported that returns on these bonds improved by 53% in 2025 compared to the previous year.
  • Despite this growth, corporate bonds still represent less than 1% of total invested assets, with Kenyan government securities remaining the dominant investment.

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