The state-owned Postal Corporation of Kenya (PCK) is seeking approval from the National Treasury to sell part of its dormant assets, mainly land, to clear liabilities amounting to Sh7.2 billion and attract a strategic investor to revive its operations.
The corporation’s total assets are valued at about Sh11.2 billion, with land accounting for Sh7.9 billion, including a prime parcel at Nairobi’s Yaya Centre.