Hello and welcome to The Business Roundup with Daisy. This edition highlights key developments shaping governance, public administration, and the cost of living, with focus on regulatory decisions and institutional disputes.
In this edition, we train our focus on:
- Leadership Wrangles Rock Kenya Pipeline Company (KPC) Amid CEO Recruitment Disputes
- KRA Boss Sworn In Despite Petition Challenging Appointment Process
- Kenyans to Pay More for Electricity and Fuel Following EPRA Tariff Adjustments
Major This Week
Leadership Wrangles Rock KPC
A leadership dispute has rocked the Kenya Pipeline Company (KPC) after the Kenya Petroleum Oil Workers Union petitioned the Capital Markets Authority (CMA), alleging serious corporate governance irregularities in the recruitment process for the Managing Director and Chief Executive Officer.
In a letter dated May 15, 2026, signed by National General Secretary George Okoth, the union raised the following concerns:
- Board proceeded with CEO recruitment before reconstitution after transition to private ownership.
- Governance structure should align with current shareholding under Companies Act, CMA guidelines, and Articles of Association.
- Current board may not reflect shareholder structure and may lack authority for executive appointments.
- Recruitment process raises concerns over transparency, accountability, and fiduciary responsibility.
- Possible conflicts of interest among directors, including links to former shareholders, political or competing interests, or candidates.
The union further warned that proceeding with the recruitment before restructuring the board could undermine transparency, accountability, legitimacy, and fiduciary responsibility under established governance standards.
KRA Boss Sworn In Despite Petition
In other news, Adan Abdulla Mohamed was officially sworn in as the new Commissioner General of the Kenya Revenue Authority (KRA), despite a court petition challenging the appointment at the country’s tax agency.
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A petitioner, Benard Opere, moved to the High Court seeking to overturn Adan Mohamed’s appointment as KRA Commissioner General, arguing that it violates constitutional and public service regulations on retirement age.
Opere claims the appointment contravenes Regulation 70 of the Public Service Commission Regulations, 2020, which sets the mandatory retirement age for public officers at 60 years.
His appointment was made by Treasury Cabinet Secretary John Mbadi through a Kenya Gazette notice, with the decision taking effect on May 18, 2026.
KRA has recently undergone a leadership transition following the exit of former Commissioner General Humphrey Wattanga in April.
Before Adan’s appointment, KRA appointed Commissioner for Customs and Border Control, Lilian Nyawanda, as the acting Commissioner General
Adan’s career journey includes stints at:
- PwC (London) – Chartered accountant training
- Shell Nigeria – Consulting role
- Barclays Bank – Managing Director, East and West Africa
- Cabinet Secretary, Industrialization and Enterprise Development (Kenya)
- Cabinet Secretary, East African Community Affairs (2018–2022)
- Mandera gubernatorial candidate (2022)
- Council of Economic Advisors, President’s Office (post-2022)
- Chief of Strategy Execution, Executive Office of the President (2023–present)
Kenyans to Pay More for Electricity and Fuel After EPRA Tariff Adjustments
And Kenyans are set to pay more for electricity after new tariff adjustments by the Energy and Petroleum Regulatory Authority (EPRA) pushed up the cost of every unit consumed in April, according to official Gazette notices.
The adjustments, published in Gazette Notices No. 6002, 6003, and 6004, show that EPRA applied three separate charges linked to fuel costs, foreign exchange losses, and a water levy.
Together, the three added about Sh4.7 to every unit of electricity before taxes and other charges.
The biggest increase came from the fuel energy cost charge, which added Sh3.47 per kilowatt hour.
The electricity tariffs adjustment came in after EPRA revised maximum retail pump prices for petroleum products, lowering diesel by KSh10.06 per litre and increasing kerosene by KSh38.60 per litre, while leaving petrol prices unchanged, according to a press statement issued on Monday, May 18, 2026.
Also Read: New Fuel Prices in Major Towns as EPRA Recalculates Prices at Night
The decision comes in the immediate aftermath of nationwide protests and transport strikes triggered by a sharp rise in fuel costs, which have left at least four people dead and dozens injured, according to authorities.
Petrol prices remain unchanged for the review period running from May 19 to June 14, 2026.
ALSO, BIG THIS WEEK
Former Cabinet Secretary Raphael Tuju suffered a setback after the High Court cleared the auction of his Dari Business Park to proceed.
East African Cables is set for a major ownership shake-up as a new investor announces plans to acquire a 68.37 percent stake through a Share Purchase Agreement signed on May 19, 2026.
Bomet Woman Representative Linet Chepkorir, popularly known as Linet Toto, has been ordered to pay nearly Ksh1 million to her former aide after a court found that his dismissal was unfair and unlawful.
Coming Up
Consideration of the Finance Bill 2026 and the proposal by Kiharu Member of Parliament, Ndindi Nyoro, to reduce VAT on fuel products from 8% to 0% in Parliament. Will he succeed?
Also Read: Court Saves Prosecutor After Being Slapped with Arrest Warrant
Currency Trends
The Kenya Shilling recorded mixed but generally stable movements against major international currencies in the latest trading session.
It traded at KSh129.57 against the US dollar, reflecting steady performance in line with recent market trends.
Against other major currencies, the shilling exchanged as follows:
| Currency | Exchange Rate (KSh) |
| US Dollar | 129.57 |
| Sterling Pound | 174.02 |
| Euro | 150.56 |
Quote of the Week
As we conclude this week’s coverage of leadership disputes, regulatory shifts, and changes in household energy costs:
“The measure of intelligence is the ability to change.” ~ Albert Einstein
