Home Business Treasury approves Sh800m to bail out troubled Posta

Treasury approves Sh800m to bail out troubled Posta

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Business Daily | by Edwin Mutai

The Treasury has approved a Sh810 million bailout to State-owned Postal Corporation of Kenya (PCK) which has not paid salaries for its employees since March.

ICT Secretary Joe Mucheru says the money will be transferred to PCK to pay salaries and arrears for workers who have gone without pay for the last six months.

Mr Mucheru blamed the outbreak of Covid-19 pandemic which grounded international flights for the delay in payment of employees’ wages…

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