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 product of Kenyan tech start-up MPost, converts cellphone numbers into virtual addresses.
Virtual boxes for corporate entities used to cost Ksh. 400, but according to a notice sent on Thursday by Posta Kenya CEO John Tonui, companies would now have to pay Ksh. 9,450 per year for them.
Likewise, private virtual addresses will now cost Ksh. 2,000 up from Ksh. 400.
Tunoi stated, “With effect from July 5, 2024, PCK wishes to notify our esteemed customers and the general public that the rates for MPost Virtual Boxes/Addresses for both Corporate and Individual, have been adjusted.”
The most recent change to the membership 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 cellphone numbers into official virtual addresses.
MPost stated 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 corporation had up until that point been headquartered in Nairobi.
