Equity Bank CEO James Mwangi. The bank has been given the go-ahead to
launch its mobile phone banking service using regular SIM cards. File
By MUGAMBI MUTEGI
Safaricom’s
post-paid customers increased 9.6 per cent in the first three months of
the year even as the telecommunications firm announced the termination
of one of the monthly plan tariffs.
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Industry data released by the Communications Authority of
Kenya (CA) shows that Safaricom’s post paid subscribers increased from
431,425 in December 2013 to 472,974 in March this year.
In May the firm announced it had terminated the Karibu tariff, its most popular post-paid plan, terming it as “loss-making.”
“We are in the process of reviewing the Karibu
tariff and we should launch it within this financial year. Even though
this tariff constitutes the bulk of our post-paid customers, our other
post-paid plans are also growing,” said Nzioka Waita, the director of
corporate affairs at Safaricom.
The Karibu post-paid tariff has two price plans, one for Sh1,000 per month and the other for Sh2,500 per month.
Safaricom’s 41,549 new post-paid customers marked
the highest growth by a single operator in this segment which according
to the CA had a total of 607,569 subscribers in the industry as of
March.
Airtel Kenya had 130,005 post-paid clients as of
March 2014, a 4.54 per cent jump from the 124,355 customers it had at
the end of last year.
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