Safaricom PLC has launched the first tranche of its Fixed Rate Green Notes, marking one of Kenya’s most significant corporate moves to fund environmental and sustainable projects.
The issuance, which was announced on Tuesday, November 25, 2025, is part of Safaricom’s Sh40 billion Domestic Medium-Term Note Programme.
“We are pleased to announce the launch of the first tranche of Fixed Rate Green Notes under our Domestic Medium-Term Note Programme of up to Sh40 Billion,” the company said on X.
Here are the key details of the issuance
• Amount targeted: Sh15 billion
• Greenshoe option: Additional Sh5 billion if demand exceeds expectations
• Interest rate: Fixed 10.40 per cent per annum
• Tenor: 5 years
• Minimum investment: Sh50,000
• CMA approval: Granted on November 7, 2025
Safaricom says 100 per cent of the proceeds will go toward financing or refinancing eligible green projects outlined in its Sustainable Finance Framework.
“Proceeds will exclusively finance and/or refinance Eligible Green Projects, reinforcing our commitment to environmental stewardship,” stated the telco.
The offer is open to the public and supported by a wide network of collecting agents, among them major banks like NCBA, KCB, Stanbic, Cooperative, ABSA, DTB, Family Bank, and I&M.
The Green Notes will be listed on the Nairobi Securities Exchange (NSE) on December 9, 2025.
Analysts say the combination of attractive returns and a strong sustainability mandate is likely to draw substantial interest from both retail and institutional investors seeking exposure to Kenya’s growing green finance market.
