Chief Executive Officer is the best paid employee in any organization. In Kenya alone, there are over 5,000 CEOs where only a third earn over Ksh 400,000 per month. The highest paid CEOs can be found in real estate sector, banks, media industry and insurance companies.
The average salary for CEOs in Kenya is Ksh 350,000.
Here are the highest paid CEOs in Kenya
Safaricom CEO
Safaricom is the most profitable company in East and Central Africa. Currently headed by Bob Collymore, the company pays its CEO at least Ksh 10,000,000 per month in salaries alone. Safaricom also pays the CEO staggering figures as bonuses.
James Mworia
James Mworia,one of the youngest CEOs in Kenya,earns Ksh 17 million per month.This is after you include salaries and bonuses.
The CFA holder earns more than any other CEO in Kenya because the company he works for,Centum Investment,has grown under his leadership to become the most profitable and largest investment company in East and Central Africa.
Equity Bank
Equity Bank, which is the largest bank in Kenya in terms of customer base pays its CEO close to Ksh 10 million per month. The CEO also takes home hefty bonus since he is also the executive director.
James Mwangi, who is the CEO, was among the founders of the bank.
KCB
Kenya Commercial Bank (KCB) pays its CEO over Ksh 3.5 million per month, excluding bonuses. Currently, Joshua Oigara, the CEO earns this money.
Royal Media Services
Royal Media Services is the largest and most profitable media house in Kenya.Headed by Wachira Waruru, the company pays its CEO at least Ksh 3 million, excluding bonuses.
Standard Chartered Bank
Stanchart is also categorized among the best paying institutions in Kenya. Its CEO earns over Ksh2.5 million per year.
Sportpesa
Sportpesa is threatening! The newest kid in the block has joined the big boys. Sources say it’s CEO will soon overtake KCB CEO in terms of salaries.
Other top paying companies include:
Jumia Kenya
Nation Media Group
AIG Kenya
CitiBank
GlaxoSmithKline
East Africa Breweries
Co-Operative Bank Kenya
