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KBC and Posta lined up for bailouts in turnaround plan
Post office boxes found at the Postal Corporation of Kenya (PCK) Mathare Post Office branch located along Juja Road as pictured on May 26, 2023. PHOTO | FRANCIS NDERITU | NMG
The Kenya Broadcasting Corporation (KBC) and the Postal Corporation of Kenya (PCK) will take at least three years to return to profitability if the Cabinet approves a restructuring plan that includes financial bailouts from the Treasury.
The National Assembly’s Committee on Information, Communications and Technology (ICT) says KBC and PCK have huge pending bills totalling Sh12 billion and Sh5.4 billion respectively.
