Commencing on July 5, the Postal Corporation of Kenya (PCK), also referred to as Posta Kenya, raised the yearly subscription fees for its MPost virtual addresses.
In order to improve postal and e-commerce logistics, Posta’s digital address system, a creation of Kenyan tech start-up MPost, translates mobile numbers into virtual addresses.
Virtual boxes for corporate entities used to cost Ksh. 400, but according to a notice shared on Thursday by Posta Kenya CEO John Tonui, companies will now have to pay Ksh. 9,450 per year for them.
Likewise, private virtual addresses will now cost Ksh. 2,000 instead of Ksh. 400.
“The rates for MPost Virtual Boxes/Addresses for both Corporate and Individual, have been adjusted with effect from July 5, 2024,” PCK wishes to notify its valued customers and the wider public. Tunoi said
The most recent revision to the subscription price comes after a price increase of Ksh. 300 to Ksh. 400 in March 2023.
MPost allows its customers to receive notifications through their digital postal office boxes whenever they receive mail by converting their mobile numbers into official virtual addresses.
MPost announced late last year that it was moving its headquarters from Nairobi to Kigali, citing Rwanda’s more favorable business climate for tech start-ups.
Since its founding in 2016, the company has up until that point been headquartered in Nairobi.
