Leading East African telco ;Safaricom has doubled SIM card prices to reflect the effect of the new taxes.
Customers would now pay Ksh.100 instead of Ksh.50 for a SIM card purchase starting on Friday as a result of the 2022 Finance Act’s implementation of an excise duty of Ksh.50 on imported SIM cards.
However, the telco provider will provide consumers a Ksh.50 airtime initial top up as a way to make up for the increased excise duty’s arrival.
Simultaneously, Safaricom announces that it would increase phone prices to account for the implementation of a 10% excise tax on imported phones, which is also included in the 2022 Finance Act.
New phone prices will also reflect the impact of a 25 per cent import duty on phones as part of the East African Community Common External Tariff (CET).
“Phone prices will be adjusted to include the 10% excise tax and 25% import duty as existing stock levels are replaced with new stock on which the new taxes apply,” Safaricom said in a statement on Thursday.