HomeBusinessICT CS Eliud Owalo: Postal Corporation of Kenya should be resurrected.

    ICT CS Eliud Owalo: Postal Corporation of Kenya should be resurrected.

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    Eliud Owalo, cabinet secretary for information, communication, and digital economy, has stated that the government is attempting to revitalize the Postal Corporation of Kenya via his ministry.

    On Monday, Owalo brought to light the fact that the government could either let the Postal Corporation of Kenya fade out or take steps to revive it.

    According to reports, the company folded under the pressure of digital communication platforms, private sector rivalry, and the increased cost of infrastructure.

    The ministry’s commitment to reviving it was reaffirmed by Owalo, who also said that the Postal Corporation of Kenya – PCK had a duty to provide the nation with Universal Postal Services (UPS).

    The CS said that they have identified five key components that would assist in the modernization of the PCK.

    External factors such as the legislative, regulatory environment, and technological advancements.

    Internal factors such as the company’s structure and governance, product and service offerings, and innovative capabilities.

    He went on to say that the initiatives would be planned for the short, medium, and long term.

    Owalo also said, Managing the current cumulative liabilities of over Sh3 billion may need an evaluation of the effectiveness of financial management, the adequacy of the debt portfolio, and other possible actions.

    He further suggested that the internal structure and governance may need to be reviewed and modified in order to comply with global norms.

    “To maintain relevancy and edge over the competition, this is a necessary step,” Owalo mentioned.

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