On Tuesday, Humphrey Wattanga Mulongo was chosen by Treasury CS Njuguna Ndung’u to serve as the new Commissioner General of the Kenya Revenue Authority.

He characterizes himself as a seasoned corporate and public finance specialist with a keen interest in the methodical study of game-changing market prospects.

In his resume, he says, “I’m motivated by the actual application of new technologies and financial architecture to strengthen market linkages.

Mulongo, an alumnus of Alliance High School, has had a tumultuous career that began in 1991 with an internship position at the accounting division of East Africa Industries (UNILEVER) in Nairobi under the supervision of Micah Cheserem, who was the company’s chief accountant at the time.

 

His academic record is littered with firsts, such as being named the top applicant for the 1990 KCSE national exams.

He won the Dr. Ouko Award for Academic Excellence for this exceptional achievement.

 

Harvard University awarded Mulongo a bachelor’s degree in biochemical sciences, and the University of Pennsylvania awarded her a master’s degree in business administration.

Before being named the nation’s top tax official, Mulongo served as the managing director of Meghraj Capital Limited, the investment banking advisory division of the Meghraj Group that advises clients on partnerships mergers, and acquisitions, among other things.

 

Before that, from 2017 until 2022, he served as a commissioner and vice chair of the Commission on Revenue Allocation (CRA).

 

From 2004 through 2017, Mulongo served as a senior partner with the Johannesburg, South Africa-based Afcorp Investments.

Additionally, since 2016, he has served as a director at the Nordic Impact Fund (NIF) in Copenhagen, Denmark.

 

In addition, he has been a Platinum member of the Kenya Institute of Bankers since 2019 and a member of the investment committee of Kenya Climate Ventures (KCV) Limited in Nairobi.

 

Product Marketing and Business Development Manager at SBC Communications Inc (AT&T), Austin, USA (2001-2002); Marketing Strategy and Business Development Manager at Agillion Inc, Austin, USA; and Finance Consultant at the World Health Organization, Geneva, Switzerland (1999) are also among Mulongo’s previous employment experiences.

Other professional accomplishments include working as a cancer research laboratory technician at Boston’s Beth Israel Deaconess Medical Center and Harvard Medical School (1996–1997).

 

After collecting years of priceless expertise in the United States and South Africa, Mulongo claimed he returned to Kenya 10 years ago and set up a reliable system for automating bond trading at the Nairobi Securities Exchange.

 

The first mobile-only government bond in the history of the world, M-Akiba, was issued by the National Treasury using the platform, he claims.

He claimed that throughout his six years at CRA, he was in charge of overseeing the Commission’s agenda for conducting an extensive study and analysis of counties’ potential for their Own Source Revenue (OSR), the resulting shortfall, and the creation of necessary mitigating measures.

 

“We found that counties were significantly underachieving their revenue potential, which is estimated to be over Sh260 billion, at Sh38 billion per year,” he said.

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