In response to high operating costs, MPost, a service that converts mobile phones into official postal addresses, has increased annual subscription fees by 33 percent with immediate effect.
With immediate effect, the new fees for the service, which was introduced in Kenya in collaboration with the Postal Corporation of Kenya (PCK) in 2016, will see subscribers pay an annual fee of Sh400 rather than Sh300.
Taz Technologies, the company that owns the MPost innovation said an increase in annual subscription charges is mainly attributed to the high cost of doing business in Kenya.
The price increase indicates that the firm together with its partner PCK could raise its revenue to Sh26 million per year based on the 65,000 active subscriber base.