Safaricom woos investors with Sh15bn tax-free bond

Safaricom CEO Peter Ndegwa delivers his address during the release of the company's half-year results in 2024.

Photo credit: Pool

Safaricom is tempting investors with a tax-free Sh15 billion green bond for environmentally-friendly infrastructure upgrades in Kenya and Ethiopia.

The telcoms operator is offering 10.4 percent ta- free return to those who invest in its five-year bond, which closes on December 5.

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Note: The results are not exact but very close to the actual.