Hello, I am Janeffer. Welcome to today’s edition of The Business Roundup. In this edition, we focus on these four top stories:
- Kenya’s Current Fuel Stock Data as Shortage Fears Mount
- Intrigues Behind KRA Leadership Changes- What Happened?
- Sasini Puts Avocado Processing Plant on Sale
Major This Week:
Intrigues Behind KRA Leadership Changes
There’s a change of guard at KRA, with Humphrey Wattanga exiting the taxman role he has held since 2023. Commissioner Lilian Nyawanda has since been appointed as the acting Commissioner-General of the Kenya Revenue Authority (KRA).
On April 8, the tax man announced the board changes, officially removing Wattanga from the board.
The authority stated that he will proceed on terminal leave and will not renew his contract. Sources close to Times Tower say that Wattanga was under pressure from Treasury, but he declined. His contract was due for expiry in August.
Commissioner Nyawanda, who was in charge of customs, will now act as the Authority’s Commissioner General pending the appointment of a substantive boss.
“The Kenya Revenue Authority (KRA) Board informs the public that it will not be renewing Mr. Humphrey Wattanga’s Contract of Service as Commissioner General. Consequently, and in accordance with his Contract of Service, he is proceeding on terminal leave effective immediately,” read part of the statement.
On the same day, just hours after his removal from the Kenya Revenue Authority (KRA), President William Ruto nominated him as Kenya’s High Commissioner to Pretoria, South Africa.
When he was announced as the KRA boss in 2023, his CV caught the attention of many, who marveled at his stellar credentials. Let’s dive into his C.V:
| Category | Details |
|---|---|
| Education (Secondary) | Alliance High School; Ranked top KCSE candidate (1990); Dr Ouko Award for Academic Excellence |
| Undergraduate | Bachelor’s Degree in Biochemical Sciences, Harvard University |
| Postgraduate | MBA, University of Pennsylvania |
| Early Career (1991) | Accounts Intern, East Africa Industries (UNILEVER), Nairobi |
| Research Experience (1996–1997) | Cancer Research Laboratory Technician, Beth Israel Deaconess Medical Center – Harvard Medical School, USA |
| Consulting Experience (1999) | Finance Consultant, World Health Organization, Geneva |
| US Corporate Roles (2001–2002) | Product Marketing & Business Development Manager, SBC Communications (AT&T), USA; Marketing Strategy & Business Development Manager, Agillion Inc, USA |
| Investment & Advisory (2004–2017) | Senior Partner, Afcorp Investments, Johannesburg, South Africa |
| Public Service (2017–2022) | Commissioner & Vice Chairperson, Commission on Revenue Allocation (CRA), Kenya |
| Managing Director Role | Meghraj Capital Limited |
| KRA Leadership | 7th Commissioner-General of Kenya Revenue Authority (KRA) from August 22, 2023, to April 8, 2026 |
| Diplomatic Appointment | Nominated as Kenya’s High Commissioner to Pretoria, South Africa (April 8, 2026) |
Subscribe today and stay updated on top news stories in The Kenya Times Business Roundup. The Roundup presents a compilation of business stories that hit headlines throughout the week.
Kenya Pipeline Publishes Fuel Stock Data as Shortage Fears Mount
And in other news, Kenya Pipeline moved to allay fears of a looming fuel shortage by providing an update on Kenya’s current fuel stocks.
Here is a breakdown of the fuel stock data released by the Kenya Pipeline Company (KPC) in cubic metres M3:
| Depot | Super Petrol | Diesel | Jet Fuel |
|---|---|---|---|
| Kipevu | 29,648 | 37,291 | 60,977 |
| KPRL | 64,742 | 46,118 | 18,438 |
| Nairobi | 50,024 | 55,245 | 1,317 |
| Nakuru | 6,645 | 11,638 | 1,427 |
| Eldoret | 8,068 | 7,191 | 275 |
| Kisumu | 7,468 | 25,125 | — |
Also Read: Leadership Changes at KRA as Humphrey Wattanga Sent on Immediate Terminal Leave
Sasini Puts Avocado Processing Plant on Sale
Elsewhere, Sasini has put its Avocado Processing Plant up for sale on an “as-is, where-is” basis, either as a going concern or through asset acquisition.
Interested bidders must inspect the facility in person before submitting bids, with no warranties or representations provided.
Site visits are available through the procurement office during weekday working hours.
Tender documents can be obtained upon payment of a non-refundable fee of KSh5,000, while completed bids must be submitted in sealed envelopes to the company’s Westlands, Nairobi office or sent by post.
The tender closes on May 8, 2026, at 5:00 p.m., and late submissions will not be accepted.
Last year, the plant incurred a loss, even as Sasini PLC posted a profit after tax of KSh188.01 million for the year ended September 30, 2025.
Also Read: Energy PS, EPRA Chief, and KPC Director Resign
ALSO, BIG THIS WEEK:
- The Kenya Revenue Authority (KRA) surpassed Ksh 2 trillion in cumulative tax collection as of March 31, 2026, reaching Ksh 2.038 trillion.
- The government ordered One Petroleum Ltd to cancel all invoices it issued and refund the charges.
- Global oil prices dropped sharply ahead of the Energy and Petroleum Regulatory Authority (EPRA) April-May review.
- The World Bank lowered Kenya’s economic growth to 4.4 due to high debt service, global pressures, and regional conflicts.
NSE Today
The Nairobi Securities Exchange (NSE) closed the session on Friday, April 10, with mixed trading, as attention turned to KPC amid ongoing fuel sector uncertainties and reported scandals.
| Top Gainers (KSh) | Top Losers (KSh) | Volume Movers |
|---|---|---|
| EGAD – 31.10 (+10.09) | PORT – 74.00 (-8.92) | KQ – 3,697,788 |
| KQ – 7.02 (+9.01) | KUKZ – 406.00 (-5.08) | EQTY – 1,857,347 |
| SMWF – 860.00 (+7.37) | HFCK – 9.40 (-4.28) | KNRE – 1,837,524 |
| OCH – 7.58 (+7.06) | SKL – 9.00 (-4.26) | COOP – 1,403,084 |
| LKL – 2.98 (+6.43) | UNGA – 29.00 (-2.85) | KPC – 1,074,982 |
Quote of the week
Before we wrap up this week’s Business Roundup, laugh your way to success.
“The only place where success comes before work is in the dictionary.” -Anonymous
