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Stock impact report

Kenya's Safaricom starts digital post services in e-commerce push [Reuters]

VODACOM GROUP LTD S/ADR (VDMCY) 
NASDAQ:AMEX Investor Relations: vodacom.com
Company Research Source: Reuters
Kenya's Safaricom starts digital post services in e-commerce push NAIROBI, Nov 29 (Reuters) - Kenya’s biggest telecoms operator Safaricom has started a digital postal service that will use mobile phone numbers like the traditional post office box addresses, it said on Friday. The company, which is part-owned by South Africa’s Vodacom , targets 5 million new users of the service as it ramps up infrastructure for its fledgling electronic commerce business. Dubbed MPost, the service will be offered jointly with the Postal Corporation of Kenya, which will rent out physical post office boxes to Safaricom customers using their mobile phone numbers, at a quarter of the going rate for conventional boxes. Customers who opt to have their parcels delivered to their doors will have to pay extra, Safaricom said. “At the touch of a button, MPost provides anyone in the country with a virtual post office box and can easily receive parcels and letters,” Joe Mucheru, the minister for information and co Show less Read more
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