Posta seeks speedy Sh1bn approval to keep outlets open
Summary
The Postal Corporation of Kenya (PCK) now wants the Senate to fast-track the approval of Sh1 billion that it requires annually to keep its branches open across the country in a bid to grow revenues.
PCK, in a letter to the Senate Standing Committee on Information, Communication and Technology Wednesday said that the amount will help cushion the corporations’ universal service obligation.
Friday April 16 2021
By BONFACE OTIENO
Summary
The Postal Corporation of Kenya (PCK) now wants the Senate to fast-track the approval of Sh1 billion that it requires annually to keep its branches open across the country in a bid to grow revenues.
Despite the Postal Corporation of Kenya (PCK) having an unmatched network of more than 600 branches countrywide and a large fleet of delivery vehicles, we have seen our revenues dip as mail volumes tumbled and private parcel delivery companies eat into our market share.
In an era where agile private entities are leveraging on e-commerce and social media marketing informed by technology advancement such as big data and artificial intelligence, we have had our Damascus moment and we are now angling our operations for a piece of the e-commerce pie.
Though the mail business has been a long lasting golden goose for the postal services industry, we recognise that its decline is ‘irreversible’.