The sports category has moved to a new website.

Safaricom customers to pay more for SIM Cards in new changes

The price of SIM cards has seen a 100% increase following new tax measures

Safaricom customers to pay for more Sim Cards in new changes

Telecommunications service provider Safaricom has raised the price of SIM cards from Sh50 to Sh100.

Safaricom announced the news stating that from Friday July 15, customers will be buying SIM cards for Sh100 which includes the 50 compulsory airtime after the enactment 2022 Finance Act.

Previously the Safaricom SIM card was free and one would only be needed to pay the Sh50 airtime top-up to activate.

Customers will purchase the SIM cards at Sh50 with an additional purchase of Sh50 airtime required to top up and activate the line for the first time, for a total of Sh100. Currently, SIM cards are issued for free with a first-time top-up of Sh50 airtime to activate the line,” the company stated.

ADVERTISEMENT

Safaricom also stated that prices of imported phones will be raised to contemplate a 10% excise tax introduced in the Finance Act, and a 25 per cent import duty introduced by the East African Community (EAC) under Common External Tariff.

The Government of Kenya has implemented a Sh50 excise tax on SIM cards and a 10 per cent excise tax on imported phones as part of the Finance Act 2022. In addition, the East African Community has applied a 25 per cent import duty on phones as part of the Common External Tariff," the urgency added.

Due to the increase of taxes different brands of the phones that Safaricom deals in will be forced to increase its prices.

ADVERTISEMENT

These developments comes a few days after Safaricom announced that it will deploy the services of external debt collectors in its new zero interest credit service product Faraja.

The company will involve external debt collectors who will be forced not only to engage defaulters with external collectors but also handover the defaulters’ details to the Credit Reference Bureau (CRB).

JOIN OUR PULSE COMMUNITY!

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Tanzania gov't launches million dollar real estate venture in Nairobi

Tanzania gov't launches million dollar real estate venture in Nairobi

Family Bank loses board chairperson 3 weeks after appointment

Family Bank loses board chairperson 3 weeks after appointment

Hashi Energy disposes of 31 trucks, & other assets as it winds up after 33 years

Hashi Energy disposes of 31 trucks, & other assets as it winds up after 33 years

Sabina Joy, CBD home & other assets owned by billionaire Gerald Gikonyo

Sabina Joy, CBD home & other assets owned by billionaire Gerald Gikonyo

In shadow of the business summit: The U.S. buys right to pollute Angola with toxic waste

In shadow of the business summit: The U.S. buys right to pollute Angola with toxic waste

The role of digital payments in Kenya's online gaming market

The role of digital payments in Kenya's online gaming market

EPRA announces new fuel prices  for June & July

EPRA announces new fuel prices for June & July

Kenya fulfils 6 of IMF's strict conditions in budget & Finance Bill 2024

Kenya fulfils 6 of IMF's strict conditions in budget & Finance Bill 2024

How AI is transforming the Kenyan online Casino and Cryptocurrency landscape

How AI is transforming the Kenyan online Casino and Cryptocurrency landscape

ADVERTISEMENT