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{
    "id": 1544784,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1544784/?format=api",
    "text_counter": 417,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Tom Ojienda Odhiambo, SC",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, Posta was once a vital communication logistics hub in Kenya. However, in today's paced digital economy where emails, Short Message Services (SMSs) and private courier services have replaced traditional mail, serious concerns arise as to whether continued Government investment in Posta is a prudent use of public resources. The Corporation has faced several financial distresses with a debt burden of Kshs9 billion and consistent dependence on Government bailouts. While there have been recent reports of modest profitability, these gains remain marginal compared to the institution's financial obligations and operational inefficiencies. In the Statement, the Committee should- (1) Provide an update on Posta's financial position, including its current liabilities, revenue streams and profitability prospects in the light of the Kshs9 billion debt burden, outlining any Public-Private Partnerships (PPPs) or alternative funding mechanisms being explored to make Posta self-sustaining and reduce its reliance on taxpayers' money. (2) Assess whether continued funding of Posta is a prudent economic decision given the evolving technological landscape and emerging market alternatives, and clarify the Government's strategic plan for Posta’s future, particularly, in the context of digital transformation and competition from private logistics providers such as DHL, Wells Fargo and G4S."
}