The Postal Corporation of Kenya (PCK), commonly known as Posta Kenya, has increased the annual subscription rates of its MPost virtual addresses from July 5.

Posta’s digital address system, the product of the Kenyan tech start-up MPost, converts mobile numbers into virtual addresses to promote postal and e-commerce logistics.

A notice shared on Thursday by Posta Kenya CEO John Tonui indicates that virtual boxes for corporate entities, which formerly cost Ksh.400, will now set companies back Ksh.9,450 a year.

Similarly, individual virtual addresses will now go for Ksh. 2,000 up from Ksh.400.

“PCK wishes to inform our esteemed customers and the general public that the rates for MPost Virtual Boxes/Addresses for both Corporate and Individual, have been adjusted with effect from July 5, 2024,” Tunoi said.

The latest subscription price revision follows the March 2023 price hike from Ksh.300 to Ksh.400.

By transforming mobile numbers into official virtual addresses, MPost enables clients to receive notifications whenever they get mail through their digitised postal office boxes.

Late last year, MPost announced it was relocating its headquarters from Nairobi to Kigali, citing a more favourable business environment for tech start-ups in Rwanda.

The company had until then been based in Nairobi since it was founded in 2016.