125 post offices shut in Sh1bn cost-cutting drive
Restructuring more meant to return the parastatal to profitability...
✨ Key Highlights
The Postal Corporation of Kenya (Posta) is shutting down 125 of its post offices as part of a Sh1 billion cost-cutting initiative to achieve profitability.
- 125 out of 625 post offices are being closed, a reduction of about 20%.
- The Postmaster-General and Posta Chief Executive Officer, John Tanui, stated this is to redirect capital towards e-commerce and courier services.
- The closures will affect all regions in Kenya, with some branches being converted into fulfilment hubs.
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