Following East African Breweries Limited’s successful Sh16.76 billion medium-term note programme, Safaricom is poised to launch its own MTN initiative, signaling growing confidence in Kenya’s capital markets and the company’s move toward diversified funding sources.
The telecommunications giant is poised to launch its own medium-term note programme after receiving formal approval from the Capital Markets Authority (CMA) on 7th November 2025. This ambitious move highlights a growing trend of top-tier companies turning to diversified funding sources.
Safaricom’s programme is notably substantial, as the network operator is authorised to raise up to Sh40 billion. The structure is designed with modern financial flexibility, allowing for the issuance of various note types, including specialized green, social, or sustainability notes.
This strategic approach enables the giant to tap into the growing global pool of ESG-conscious investment while potentially directing capital towards projects like green network infrastructure, rural connectivity expansion, or other initiatives that align with its broader corporate citizenship goals.
The company plans to commence with an initial Tranche 1, the details of which will be outlined in a forthcoming information memorandum and pricing supplement. While this first tranche remains subject to final term finalization and regulatory approval, the overall programme provides a powerful financial tool for Safaricom.
It positions the company to secure long-term, cost-effective funding for future technological ventures, network expansion, and strategic investments, ensuring it maintains its dominant market position.
