Kenyan start-up MPost moves headquarters to Rwanda
MPost,
the Kenyan tech start-up which converts mobile numbers into virtual addresses
to promote postal and e-commerce logistics through digital addressing, is
relocating its headquarters from Nairobi to Kigali, Rwanda.
The
company has been based in Nairobi since its founding in 2016 and cited a more
favourable business environment for tech start-ups in Rwanda.
“The business operating environment is more favourable in Rwanda compared to Kenya and this also applies to the cost of running headquarters,” MPost founder and CEO Twahir Mohamed told Citizen Digital on Tuesday.
By transforming
mobile numbers into official virtual addresses, the start-up’s platform enables
clients to receive notifications whenever they get mail through their postal
addresses.
In Kenya, MPost
has partnered with the state-owned Postal Corporation (Posta) and
mobile network operator Safaricom to offer digitised postal office boxes.
Despite
the relocation, MPost however said its Kenya operations will remain even as it
taps Rwanda’s market for its expansion plans.
MPost has been operating in Kenya and Rwanda since 2016. The start-up says it has gotten an operating license to enter Burundi and plans to launch operations in the country in the first quarter of 2024.
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