Safaricom MTN Tranche 1 Oversubscribed
Safaricom’s Tranche 1 Note offer saw a remarkable 275.7% oversubscription, receiving KES 41.4 billion in applications against a KES 15 billion target. The company exercised its KES 5 billion greenshoe, raising the total allotment to KES 20 billion.
Also read: Corporate Bonds Make a Strong Comeback as Safaricom Celebrates Bell-Ringing At NSE
Re-opened Government Bonds
The government is seeking to raise KES 60 billion through the reopened 20-year (FXD1/2019/020) and 25-year (FXD1/2022/025) bonds. The bonds offer coupon rates of 12.8730% and 14.1880%, respectively, with bids due by Wednesday, January 7, 2026, at 10:00 a.m. EAT.
CBK is also inviting investors to switch holdings from Treasury Bond FXD1/2016/010 to the reopened FXD1/2022/015. Bids are due Monday, January 19, 2026, at 10:00 a.m. EAT.
CBK Cuts Rates Again
The Central Bank of Kenya reduced the Central Bank Rate by 25 basis points to 9.00%, marking the ninth consecutive reduction.
Centum Announces Dollar I-REIT
Centum plans Kenya’s first dollar-denominated I-REIT, targeting $37 million (KES 4.78 billion) for green commercial developments.
Leadership Updates
- Car & General (Kenya) PLC appointed Mr. Dan Karuga as Independent Non-Executive Director. Karuga is Africa Operating Lead for SC Ventures and former East Africa MD at Branch International.
- Liberty Kenya Holdings appointed Mueni Mutunga as Interim Company Secretary.
- NSE appointed Annette Musehenga as Manager, Internal Audit.
NCBA FiRe Award
NCBA was named 1st Runner-Up in Integrated Reporting at the FiRe Awards for the second consecutive year.
They also partnered with HEVA Fund to offer tiered financing solutions to creative-sector businesses, including event financing, invoice discounting, LPO financing, working capital, and startup incubator support.
Upcoming Corporate Actions
- Safaricom Domestic MTN Note listing on NSE: Tuesday, December 16, 2025
- I&M Bank interim dividend book closure: December 15, 2025
- Carbacid final dividend: December 18, 2025
- Centum final dividend: December 19, 2025
Coming Up
Personal Finance & Investing Masterclass
Start 2026 on the right financial foot. Our personal finance and investing masterclass begins on 12 January 2026, 7:00–8:00 p.m. Kenya time, providing guidance to set clear goals and build a roadmap for financial growth.
