Safaricom Unveils KSh15 Billion Tax-Exempt Green Bond Under Its KSh40 Billion Note Programme

Safaricom has unveiled the first KSh15 billion tranche under its broader KSh40 billion programme, with room to take up an additional KSh5 billion depending on demand. The Safaricom Kicks Off KSh15 Billion Tax-Exempt Green Bond initiative gives investors tax-free interest returns, allowing them to maximise value while supporting climate-conscious developments.

Safaricom Kicks Off KSh15 Billion Tax-Exempt Green Bond to Drive Sustainability

Proceeds from the Safaricom Kicks Off KSh15 Billion Tax-Exempt Green Bond will support a portfolio of eligible green projects, strengthening Safaricom’s sustainability agenda. The tax-exempt status gives investors the full benefit of their returns, making the bond particularly attractive in the current market.

Beyond environmental impact, the bond helps broaden Safaricom’s funding base, enhance financial resilience and channel capital into long-term strategic investments as the company moves toward its 2030 ambition of becoming Africa’s leading purpose-led technology company.

“This Green Bond underscores our commitment to embedding sustainability at the heart of our business. By adopting innovative financing solutions, we create long-term value for our stakeholders while delivering positive environmental and social impact,” said Peter Ndegwa, Safaricom CEO.

The offer runs from 25th November to 5th December at a tax-free interest rate of 10.4%, with a minimum investment of KSh50,000 and top-ups in multiples of KSh10,000. Investors can apply via USSD 483810#, online, or through licensed stockbrokers.

Safaricom CFO Dilip Pal noted that the bond marks a significant milestone in the company’s financing strategy. “As Kenya’s largest green bond issuance, and the first to allow mobile-based subscriptions, it reinforces our commitment to innovation, accessibility, and sustainable growth,” he said.

The transaction has been arranged by SBG Securities Limited, Stanbic Bank Kenya, and Standard Chartered Bank Kenya, with Dyer and Blair Investment Bank also serving as a placing agent.

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