Safaricom PLC’s debut green note has made waves in the capital markets, attracting a staggering KES 41.6 billion in bids, nearly three times the initial KES 15 billion Tranche I target. That’s a 175.7% oversubscription, a clear signal of investor confidence and appetite for sustainable finance. “This strong uptake reflects investor confidence in our performance and strategy,” said CEO Peter Ndegwa. Safaricom will take up KES 20 billion, the original KES 15 billion plus a KES 5 billion greenshoe option, leaving KES 21.6 billion to be refunded. Why It Matters Coupon at 10.4%: It sets a high bar for upcoming…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
The Central Bank of Kenya (CBK) has lowered its benchmark lending rate by 25 basis points to 9.0 per cent, marking the ninth consecutive cut in 2025. This represents a cumulative 175 basis points unwind of the Central Bank Rate (CBR) this year, underscoring the Monetary Policy Committee’s (MPC) commitment to stimulating private sector credit and supporting economic activity. “The Committee concluded that there was scope for a further easing of the monetary policy stance by reducing the CBR by 25 basis points. This will augment previous policy actions aimed at stimulating lending by banks to the private sector and…
Family Bank, one of Kenya’s largest mid-tier lenders, successfully raised just over KSh8 billion in a heavily oversubscribed private share placement, surpassing its KSh6.09 billion target by a wide margin. The offer closed at 131% subscription, attracting strong demand from pension funds, insurers, fund managers, corporates, and individual investors. Strategic Use of Funds The KSh8.004 billion raised will be directed towards: Accelerating the bank’s digital transformation agenda Expanding lending capacity Supporting business growth initiatives in Kenya and across the region Leadership Statements CEO Nancy Njau said the overwhelming response underscores investor confidence in Family Bank’s strategy, financial performance, and inclusive…
Motorists across Kenya now have more reasons to stop at Shell service stations. Vivo Energy Kenya, the distributor and marketer of Shell products, has partnered with Safaricom PLC to enhance Bundle Ya Dere, Safaricom’s proposition designed for cab drivers. What Drivers Get Every Saturday, drivers enrolled in Bundle Ya Dere will enjoy: Fuel discounts of KES 2 per litre at all Shell outlets nationwide Cashback rewards and premium fuel convenience Free access to driver apps (Uber, Bolt, Little, Faras & Yego) Google Maps navigation and generous data bundles Subsidised insurance covers accidents, illness, or loss of income This combination of…
Kenya’s inflation eased slightly in November 2025, with headline inflation recorded at 4.5% year-on-year (y/y) compared to 4.6% in October 2025. Month-on-month (m/m), inflation stood at 0.2%, reflecting relative price stability across key consumer categories. The Central Bank of Kenya’s (CBK) target band of 2.5%–7.5% was maintained for the 29th consecutive month, underscoring sustained macroeconomic stability. According to NCBA Research, “November headline inflation recorded a slight reduction of 11 basis points from 4.56% in October to 4.45%. Overall consumer price index had an uptick of 0.16% month-on-month to 147.08 in November.” Food & Non-Alcoholic Beverages Food inflation rose 7.7% y/y,…
Online property marketplace BuyRentKenya has been acquired by African proptech firm Rushbox Ltd., marking a new wave of consolidation in Sub-Saharan Africa’s digital real estate sector. Expanding Regional Footprint Rushbox, which operates PropertyCloud in Mauritius and Property.co.zw in Zimbabwe, will now deepen its presence in Kenya. The acquisition positions the company to scale across Sub-Saharan Africa’s fast-growing property markets. BuyRentKenya’s customer accounts, listings, tools, and agent dashboards remain accessible, with planned product upgrades. Leadership Perspectives Elizabeth Costabir, CEO of BuyRentKenya, said the deal ushers in a new chapter: “We have always focused on connecting Kenyans to reliable, high-quality property options,…