Safaricom Strengthens Capital Market Presence with KSh 40 Billion MTN Programme
The approval, granted on 7 November 2025 under Section 30A of the Capital Markets Act, allows Safaricom to issue notes worth up to KSh 40 billion in various tranches.
Safaricom PLC, one of Kenya’s leading telecommunications companies, has received approval from the Capital Markets Authority (CMA) to establish a Medium Term Note (MTN) programme. The approval, granted on 7 November 2025 under Section 30A of the Capital Markets Act, allows Safaricom to issue notes worth up to KSh 40 billion in various tranches.
The MTN programme will enable Safaricom to issue a range of notes, including green notes, social notes, and sustainability notes. These instruments are designed to provide flexible financing options while supporting the company’s commitment to sustainable and socially responsible investment initiatives.
Safaricom intends to launch the MTN programme with an information memorandum and a pricing supplement for the first tranche (Tranche 1) of notes. These documents will detail the terms and conditions of the public offer. The issuance of Tranche 1 remains subject to the determination of final commercial terms and CMA approval of the corresponding pricing supplement.
The company confirmed that further announcements regarding the launch of Tranche 1 will be made in due course.
This development marks a significant step in Safaricom’s capital-raising strategy, providing the company with a structured mechanism to access the debt capital markets while offering investors diverse note options in line with environmental, social, and sustainability objectives.
