Safaricom PLC will be looking to raise upto $150 million (Sh19.6 billion) over several years in local currency debt in Ethiopia once the country’s securities exchange goes live in the third quarter of 2024.
This means that at the present exchange rate, Safaricom PLC plans to raise as much as 8.6 billion Ethiopian Birr through the issuance of local currency-denominated bonds any time starting September.
