17.78Billion is the new profit record in east and central Africa thanks to the aggressive marketing and innovation by on Micheal Joseph of Safaricom. the gross turnover rose by 35% to 47.44B, the customer base grew by some 50% points to 6.02 at the end of 2006.
The Income Tax charge of Kshs5.182bn will be the largest income tax payments this year from Kenyan companies. However in addition to this amount, Safaricom is a major contributor to the Government in terms of VAT, Excise Duty and License fees. In the Financial year under review, the total amount payable was Kshs18.4bn, an increase of 40.5% over the Kshs13.1bn in the previous year.