Who Are The Highest Paid CEOs In Kenya 2021? – [Salaries & Pictures]
Are you looking for the list of the Highest paid CEOs in Kenya and their Salaries? If yes, then this informative article is for you. You will be given detailed information about the list of Highest paid CEOs in Kenya as of 2021 with their Salaries and Pictures.
Highest Paid CEOS In Kenya – Top 10 Lists
Chief Executive Officers of financial institutions, telecom companies, airlines, and insurance firms are among the highest-paid in 2021. They take home millions in salaries every month. Also, some companies offer them high allowances and bonuses.
1. Gideon Muriuki – Ksh 31.37 Million
Gideon Muriuki is the current CEO of the Co-operative Bank of Kenya (CBK). He joined the commercial banking company in 1996. Over the years, he has risen through different positions to become the Group Managing Director (MD) and CEO. Interestingly, he assumed the role in 2001, making him among the longest-serving CEOs of the company.
Muriuki boasts of over three decades of banking experience. Perhaps, this explains why he is the CEO with the highest salary in Kenya as of 2021. His monthly salary is Ksh 31.37 million; this makes him roughly ten times richer than the 10th CEO on the list.
2. Joshua Oigara – Ksh 22.75 Million
Joshua Nyamweya Oigara is the MD and CEO of Kenya Commercial Bank Group (KCB). The 46-year old has been in the company since 2012. He became the youngest CEO in the country when he joined in the acting position after the exit of Martin Oduor-Otieno. He officially assumed the role in January 2013.
Over the years, his contribution towards the company has seen it grow, becoming among Kenya’s largest financial institutions. As a result, he is compensated handsomely. How much does the KCB CEO earn? In 2019, he made a total of 299.1 million in salary, allowances, and bonus. In 2021, his pay per month is estimated to be Ksh 22.75 million.
3. Peter Ndegwa – Ksh 9.00 Million
Ndegwa is the current Chief Executive Officer of Safaricom PLC. He joined the telecom company in April 2020 after the demise of Bob Collymore. Mr Ndegwa has significant experience in the financial and management fields, making him a suitable replacement for Bob.
Previously, he worked at Diageo PLC, a multinational beverage company. He is also the former CEO of Guinness Nigeria PLC (2015 to 2018) and Guinness Ghana Breweries PLC. He is reportedly earning a monthly salary of Ksh 9.00 million for his roles in Safaricom PLC.
4. Allan Kivaluka – Ksh 8.50 Million
Allan Kivaluka is popularly known for being a reputable corporate executive and established entrepreneur. He is the current CEO and MD of Kenya Airways (KQ). Before joining the airline company in 2020, he served as the CEO of Jambojet between December 2018 and March 2020.
Kivaluka has rich managerial and leadership experience. Besides Jambojet, he has worked at GE Africa and Deloitte. Kenya Airways reportedly pays him a salary of Ksh 8.50 million per month. However, the compensation might change due to various factors. For instance, due to the effects of the pandemic, he agreed to take an 80% pay cut in 2020.
5. Jeremy Awori – 8.43 Million
Jeremy Awori is a Kenyan-born national. He joined Absa Bank Kenya, formerly known as Barclays, in 2013. Before joining the financial service provider, he worked at Standard Chartered Bank in Tanzania and the United Arabs Emirates. So, he has sufficient experience in this field.
In his 8-year tenure at Absa Kenya, Awori has steered several developments. Usually, he takes home Ksh 8.43 million, making him the fifth highest paid CEO in Kenya per month. The amount is inclusive of compensations, bonuses, and other profits.
6. John Gachora – Ksh 8.00 Million
John Gachora is a celebrated electrical engineer and financial expert. He is the current MD and CEO of NCBA Bank which has its subsidiaries in Tanzania and Uganda. He previously served in different senior positions at the Banc of America Securities. Also, he served as an MD at Barclays Capital between 2008 and 2013. He earns a monthly salary of Ksh 8 million for his NCBA Bank roles, making him the 4th highest paid bank CEO as of 2021.
7. Jane Karuku – Ksh 7.50 Million
Jane Karuku is among Kenya’s most competent women. She is the only female CEO on the list. Like some of the corporate executives on the list, she was appointed to her current position in 2020. Since her appointment, East African Breweries Limited (EABL) has recorded considerable growth. She reportedly earns up to Ksh 7.50 million every month.
8. Benson Wairegi – Ksh 6.80 Million
Benson Wairegi is another highly paid corporate executive worth knowing. He is the current MD and CEO of Britam Holdings PLC, which has its subsidiaries in Malawi, South Sudan, Mozambique, Tanzania, and Uganda. The 68-year-old joined the financial services conglomerate in 1981 as a chief accountant. At the time of writing, he has served in his current position for over two and half decades. His salary per month is estimated to be Ksh 6.80 million.
9. Dr James Mwangi – 5.04 Million
Dr. James Mwangi CBS of Equity Group Holdings PLC is another wealthy corporate executive with an incredible story. Besides being a professional banker, Mwangi is a celebrated entrepreneur. Due to his contribution to society, many believe that he is the highest paid CEO in Kenya per month. However, that is not the case. Interestingly, he is believed to earn a monthly salary of Ksh 5.04 million as of 2021.
10. James Mworia – Ksh 3.75 Million
James Mworia is the MD and Chief Executive Officer of Centum Investment Company, East Africa’s largest publicly traded private capital firm. He also doubles up as a lawyer and accountant. The 43-year-old started as an intern, and now he is the firm’s CEO.
Under his leadership, the company has been recording massive profits. Consequently, the company rewards him handsomely. He reportedly earns a monthly salary of Ksh 3.75 million, translating to Ksh 45 million annually.
Indeed, Kenyan CEOs receive impressive monthly salaries. Most of the highest paid CEOs in Kenya run financial services companies and insurance firms. In most instances, many are paid based on their experience, skills, performance, and competency, among many other factors.
What’s your take on this? We believe this article was helpful, if yes, don’t hesitate to share this information with your friends on Facebook, Twitter, WhatsApp, and other Social Platforms.