Safaricom, EABL bonds quadruple retail debt investors at Nairobi bourse

Safaricom PLC headquarters (left) in Westlands, Nairobi and workers at the East African Breweries (EABL) Microbrewery off Thika Road on January 26, 2024.

Photo credit: File | mNation Media Group

Individual debt investors returned to the Nairobi Securities Exchange (NSE) in large numbers in the quarter to December 2025 after Safaricom and East African Breweries (EABL) tapped the market for funding, underscoring renewed appetite for corporate bonds after a prolonged issuance drought.

The number of individual corporate bond investors at the bourse rose 3.9 times to 2,966 from 759 in September, lifting the share of retail participation in the bond market to 7.2 percent from 5.8 percent, latest data from the Capital Markets Authority (CMA) shows.

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