Struggling State-owned Postal Corporation of Kenya (PCK) has received a Sh3 billion cash boost from Parliament to aid its turn-around strategy amid pilling financial losses that have affected its operations.
Out of the allocation, Sh1 billion will be used to fund Posta to implement a new corporate structure, while Sh2 billion will be spent to modernise its ICT infrastructure, according to the National Assembly’s Budget and Appropriations Committee (BAC).
