Safaricom PLC has listed its first tranche of its Domestic Medium-Term Note on the Nairobi Securities Exchange(NSE). The green bond attracted applications worth KES 41.6 Billion an oversubscription of 175.7 percent, making it Kenya’s largest green Bond in Kenya to date. 

Safaricom celebrated the listing during NSE bell-ringing ceremony which brought together key leaders from Kenya’s financial ecosystem, including Frank Mwiti, CEO of the NSE; Kiprono Kittony, NSE Chairman; Daniel Warutere, representing the Capital Markets Authority (CMA); and Joshua Oigara, CEO of Stanbic Bank Kenya. Speakers emphasized the importance of collaboration, regulatory support, and investor trust in advancing sustainable finance.

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Speaking during the bell-ringing ceremony, Safaricom PLC Group Chief Finance Officer Dilip Pal described the transaction as a significant step for local capital engagement.

“This transaction demonstrates what is possible when local capital markets are deliberately and thoughtfully engaged. It is a clear vote of confidence in our fundamentals, strategy, and long-term outlook, and a strong signal of confidence in the depth and resilience of Kenya’s capital markets,” said Mr. Pal.

Safaricom seeks to utilize the  proceeds from the green bond to enhancing operational efficiency, expanding renewable energy use, and advancing sustainability initiatives across its network in a bid to align with the company’ sustainability framework.. The green bond is now available for trading at the NSE, expanding the range of sustainable finance instruments accessible to local investors.

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Safaricom expressed gratitude to investors, regulators, and partners for their trust and collaboration, noting that the milestone reinforces its commitment to sustainable growth, innovation, and long-term value creation for communities.