MPC losing K300m every year

Malawi Posts Corporation (MPC) is losing K300 million every year due to inadequate business.

MPC postmaster general Andrew Kumbatira said this during activities to mark the World Postal Day in Blantyre last week.

“As a public postal service provider, we are under an obligation to still deliver four letters to Marka in Nsanje even when we will only make K400 from the transaction. Because of this obligation, we have ended up making losses of between K250 million and K300 million in a year,” he said.

Minister of Information Moses Kunkuyu told a panel discussion later in the day that Malawi will shape the postal world because of its election into the council of administration of the Universal Postal Union (UPU).

“Malawi has for the first time been elected to the board of the Universal Postal Union. This means Malawi is among 40 countries in the world to govern the union for the next four years and it is high time the country took part in shaping global affairs,” he said.

Kunkuyu said Malawi has made significant progress in keeping with global developments in the postal world.

He pointed out that MPC is already implementing UPU’s recommended three dimension network on physical electronic and financial services in alignment with the Nairobi Postal Strategy of 2009/2012.

During the celebrations, MPC, DHL, Fedex, TNT, Aircargo, National Bus Company, Ampex and G4S, among others, showcased their services.

The celebrations started with a motorcade from Kamuzu Stadium to Stella Maris through Blantyre central business district, Ndirande and back to the stadium.