Safaricom has received approval from the Capital Markets Authority (CMA) to launch a Ksh40 billion Medium-Term Note Programme.

In a statemenbt, the Company Secretary, Linda Mesa Wambani, stated that the CMA has granted Safaricom approval to establish a Medium-Term Note Programme, to be issued in various tranches.

Wambani said the MTN Programme will enable Safaricom to issue different types of notes, including green, social, and sustainability bonds, with further details to be released in the information memorandum and pricing supplement.

“The Board of Directors of Safaricom PLC (the Company) are pleased to announce that the Capital Markets Authority in exercise of its powers under Section 30A of the Capital Markets Act (Chapter 485A of the Laws of Kenya), has on 7 November 2025, granted approval for the Company to establish a Medium Term Note programme pursuant to which the Company will issue notes in an aggregate principal amount of up to Kenya Shillings Forty Billion (KES 40,000,000,000) (the “MTN Programme”) in various tranches,” reads part of the statement.

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Under the MTN Programme, the Company may issue various forms of notes, including green notes, social notes, or sustainability notes.

The Company intends to launch the MTN Programme with an information memorandum and a pricing supplement for the issuance of the first tranche of notes under the MTN Programme (Tranche 1).

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Wambani said the information memorandum and pricing supplement will contain the detailed terms and conditions for the public offer of the notes.

The Company Secretary said the issuance of Tranche 1 is subject to the determination of the final commercial terms of the offer and approval by the CMA of the corresponding pricing supplement.

“The Company will make further announcements regarding the issuance of Tranche 1 in due course,” she said.

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Safaricom PLC public announcement notice. PHOTO/Saf/X