Safaricom Launches KSh15bn Bond & Urysia Adds Car Brands in Kenya

Safaricom has launched the first KSh15 billion tax-exempt green bond as part of its larger KSh40 billion Domestic Medium-Term Note Programme, aiming to fund sustainable projects with a tax-free interest rate of 10.4 percent. In Kenya's automotive sector, Urysia Limited has expanded its offerings by adding Jeep and Citroën brands, transitioning from a single Peugeot dealership to a multi-brand operation. This move aligns Urysia with the global automotive group Stellantis. Separately, Prime Cabinet Secretary Musalia Mudavadi warned that schools face rising threats from cyber risks and artificial intelligence, in addition to armed conflict. He urged for global collaboration to protect learners from these threats.