Safaricom CEO Peter Ndegwa took home a total of $2.2 million (KES 286 million) in pay for the year ended March 2025, which is a 17% increase from the previous year.
His record-breaking package included:
Kshs 98.7 million as salary
Kshs 116.7 million in bonuses
Kshs 33.5 million in non-cash benefits (such as school fees, housing, cars and club memberships)
Kshs 45.3 million from Safaricom’s Employee Performance Share Award Plan (EPSAP)
This makes Ndegwa the highest-paid CEO on the Nairobi Securities Exchange (NSE).
This man earns really big.
From the Kshs 286 million he took home in a year, it means he earned Kshs 23.8 million per month, Kshs 790,000 per day, Kshs 33,000 per hour, Kshs 550 per minute and about Kshs 9 every second.
That basically means that in a single month, he earns enough to buy a luxury apartment in Nairobi.
Every day, he makes more than many Kenyans earn in an entire year.
Every hour, he pockets enough to fill up a big luxury car.
