Safaricom Launches KSh40B Bond Program

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Safaricom received approval to issue a KSh40 billion medium-term note, marking one of the largest corporate bond programs in Kenya. The company plans to release the bond in tranches, including green and sustainability-linked options, to support infrastructure projects in Kenya and Ethiopia. Analysts said the issuance reflects renewed activity in the corporate bond market, following recent offerings from EABL, Family Bank, and KMRC. The trend indicates rising demand for long-term financing instruments among Kenyan firms.