The government has announced its commitment to settling Kes 1.6 billion in pending bills owed to the Postal Corporation of Kenya (PCK).
Announcing on Wednesday during the 2024 World Post Day Celebrations in Nairobi, Broadcasting and Telecommunications Principal Secretary Edward Kisiang’ani stated that the debt arises from services provided to various state departments and agencies.
Further, he emphasized that the Ministry of ICT and Digital Economy will launch e-commerce and last-mile delivery services, to help the PCK generate its own revenue through its extensive network of over 600 outlets nationwide.
“In the past we know that the Postal Corporation of Kenya was facing a few challenges including debt collection and business programs that did not work. What the government currently owes the Postal Corporation is in the range of Kes 1.6 billion,” he said.
Similarly, he stated that the PCK could collaborate with international courier companies to manage last-mile deliveries from the capital to rural areas, leveraging its extensive network of offices across the country.
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“The Postal Corporation of Kenya can place itself in an advantageous position to make sure that it plays a major role in last mile deliveries for fertilizers, medicine and electronic goods from Nairobi to the villages,” he stated.
According to Postmaster General and CEO of the Postal Corporation of Kenya John Tonui, the corporation achieved a profit of Kes 21 million in the last three months following a restructuring of its logistics networks.
Tonui stated that the performance is a positive shift for the parastatal, which has previously faced significant financial challenges that hindered its ability to generate revenue independently.
“The Corporation Balance Sheet so far for the last three months we have registered for the first time a profit of Kes 21 Million which means that we are doing well for the last three months,” said Tonui.
