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HomeDaily NewsThursday, May 21, 2026KPC Union Petitions CMA Over CEO Recruitment Process - May 2026
Business & Economy3 stories from 1 sources

KPC Union Petitions CMA Over CEO Recruitment Process - May 2026

The Kenya Petroleum Oil Workers Union has petitioned the Capital Markets Authority regarding alleged corporate governance irregularities at the Kenya Pipeline Company, specifically concerning the recruitment of its Managing Director. Adan Mohamed has been appointed Commissioner General of the Kenya Revenue Authority, signaling a new direction emphasizing economic understanding over purely tax administration. A Kenyan Member of Parliament is proposing significant cuts to fuel taxes and levies in an effort to lower pump prices and alleviate cost of living pressures.

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Thursday 9:23 AMCapital Business

KPC Union Petitions CMA Over CEO Recruitment Process

KPC Union Petitions CMA Over CEO Recruitment Process

The Kenya Petroleum Oil Workers Union has petitioned the Capital Markets Authority (CMA) regarding alleged corporate governance irregularities at the Kenya Pipeline Company (KPC), specifically concerning the recruitment of its Managing Director.

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Key Highlights

The Kenya Petroleum Oil Workers Union has petitioned the Capital Markets Authority (CMA) regarding alleged corporate governance irregularities at the Kenya Pipeline Company (KPC), specifically concerning the recruitment of its Managing Director.

  • The union argues that the KPC board may lack the mandate to oversee executive appointments following the company's transition from a public to a private entity.
  • Key organization involved: Kenya Petroleum Oil Workers Union petitioning the Capital Markets Authority and Kenya Pipeline Company.
  • The union is requesting the CMA to investigate the recruitment process's legality and consider deferring the exercise until the board is properly reconstituted.
Wednesday 7:30 PMCapital BusinessFirst

Why Adan Mohamed Fits the Moment KRA Finds Itself In

Why Adan Mohamed Fits the Moment KRA Finds Itself In

Adan Mohamed has been appointed Commissioner General of the Kenya Revenue Authority (KRA), signaling a new direction for the organization that emphasizes economic understanding over purely tax administration.

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Key Highlights

Adan Mohamed has been appointed Commissioner General of the Kenya Revenue Authority (KRA), signaling a new direction for the organization that emphasizes economic understanding over purely tax administration.

  • The appointment recognizes that KRA's challenges now involve political sensitivity in revenue collection, business pressures from high operating costs, and the need to finance an expanding national budget.
  • Adan Mohamed brings a unique blend of deep private-sector financial experience from his time as Managing Director of Barclays Kenya and a record of public-sector reform, having overseen significant business and regulatory improvements during his tenure in government.
  • This leadership comes at a time when KRA faces a trust deficit with taxpayers and needs to broaden the tax base by fostering formal economic activity, moving beyond traditional enforcement.
Thursday 9:44 AMCapital Business

MP Nyoro Wants Parliament to Slash Fuel Taxes in Push to Cut Pump Prices

MP Nyoro Wants Parliament to Slash Fuel Taxes in Push to Cut Pump Prices

A Kenyan Member of Parliament is proposing significant cuts to fuel taxes and levies in an effort to lower pump prices and alleviate the cost of living pressures.

Read Story

Key Highlights

A Kenyan Member of Parliament is proposing significant cuts to fuel taxes and levies in an effort to lower pump prices and alleviate the cost of living pressures.

  • The proposal seeks to reduce the Road Maintenance Levy Fund (RMLF) by Sh7 per litre and remove VAT on petroleum products, potentially decreasing diesel prices by as much as Sh54 per litre.
  • The initiative is led by Kiharu MP Ndindi Nyoro.
  • The proposals are currently under review by Parliament, including the Budget and Appropriations Committee and the Departmental Committee on Finance and National Planning, and will face scrutiny regarding their fiscal implications.
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