Safaricom PLC has announced a significant milestone in its sustainability agenda with the launch of a KSh15 billion Green Bond, the first issuance under its KSh40 billion Domestic Note Programme. The landmark initiative reflects the company's growing commitment to financing environmentally responsible projects while delivering strong value to investors.
The Green Bond offers tax-free interest at a rate of 10.4, providing investors with an effective yield of approximately 12-a return that surpasses comparable taxable investment instruments in the market. The attractive structure is designed to mobilize capital toward sustainable development while ensuring competitive investor benefits.
Funds raised through the bond will be dedicated to green projects, underscoring Safaricom's strategy to embed sustainability across its business operations and create long-term positive impact for its customers, communities, and stakeholders. The company describes the launch as a step toward a future where growth is driven by purpose and environmental responsibility.
