MAL 27/18 MAL-27 | Page 15

In this era of electronic mail, is the Post Office still relevant? Yes, of course the Post Office is still very relevant, our mission being to provide innovative communication, distribution and financial/payments solutions to customers and create value to our stakeholders. Allow me to breakdown the relevance in three aspects, anchored on the mission statement: Mail/Communication Service: Despite the digital disruption today, corporate mails and private letters boxes contributes to 70% of our annual turnover. These corporate correspondences that include legal documents from the Judiciary, admission letters, bank statements, certificates of incorporation, vital documents such as log books, title deeds, driving licenses and academic certificates, requires physical delivery that only the Post Office can provide. Regarding international mails, the main flow of cross-border letter posts have historically been between developed countries. However, with an increasing share of citizens in developing countries shopping at online market places, the flow of cross border letter mail is increasing. Therefore, this has reversed the trend in the recent decline in mail volumes. We currently have over 500,000 boxes installed countrywide with capacity utilization at 90%. The Post Office Box (PLB) is not only a legal requirement for company incorporation and a delivery point for mail items, but it provides an identity and a sense of belonging to all citizens. The Corporation has adopted mobile technology to enhance the private letter boxes by introducing the virtual box, where the customer can access the postal services via mobile phone (USSD) and Website. Courier/Distribution Services: The Post Office is at the core of last mile delivery, a concept that has proven challenging to retailers and institutions with customers spread all across the country. We deliver to Wajir, Mandera, Lamu, Lokichoggio, Lunga Lunga, Isibania, Mt.Elgon, Kacheliba, Turkana among others which are situated in topographically challenging terrains. The Post Office, having identified the need for a seamless importation process, provides clearing and forwarding services and full logistic solutions to customers, importing items through Posta Cargo services. Pa y m e n t / Fi n a n c i a l S e r v i c e s : T h e Corporation supports the unbanked population through Agency Banking by partnering with banks. So far, PCK has acquired and installed 100 points of sale devices in 470 postal outlets out of 625 offices. We offer infrastructure to micro finance institutions as a pay point for collection and disbursement of funds. We are also mandated by law to act as