Kenyan banks and Safaricom sign Sh15 billion loan for a greener tomorrow
Telco giant Safaricom has successfully closed a historic Kes15 billion Sustainability Linked Loan (SLL) deal to bolster its Environmental, Social, and Governance (ESG) agenda. The financing plan involves consortium of four leading banks, including StanChart, Stanbic, ABSA, and KCB. This financing plan, which is expandable to Kes20 billion through an accordion mechanism, marks the largest ESG-linked loan facility ever undertaken in East Africa. It’s also a remarkable milestone as Safaricom’s first-ever SLL and the first Kenya Shilling-denominated SLL in the market. Safaricom’s commitment to sustainable business practices and its dedication to transforming the ESG landscape in Kenya have paved the way for this landmark financial…
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