Who is the Highest Paid CEO in Kenya? A Look at the Top Corporate Salaries
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Kenya’s corporate world is home to some of the highest-paid executives in East Africa, with chief executive officers (CEOs) commanding multi-million shilling compensation packages annually. Their pay, often tied to company performance, includes basic salaries, bonuses, and non-cash benefits.
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Gideon Muriuki – Co-operative Bank of Kenya
Annual Salary: KSh 450 million
Monthly Equivalent: KSh 37.5 million
Gideon Muriuki leads the list as Kenya’s highest-paid CEO. His compensation is heavily bonus-driven. He earns approximately KSh 1.25 million per day.
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Peter Ndegwa – Safaricom PLC
Annual Salary: KSh 252.3 million
Monthly Equivalent: KSh 21.03 million
Safaricom CEO Peter Ndegwa earns approximately KSh 252.3 million annually, comprising a base salary of KSh 94.3 million, a performance bonus of KSh 134.1 million, and non-cash benefits worth KSh 23.9 million.
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James Mworia – Centum Investments
Annual Salary: KSh 201.1 million
Monthly Equivalent: KSh 16.76 million
As the CEO of Centum Investments, James Mworia remains one of Kenya’s most well-compensated executives. His total package includes salary, stock options, and other performance-based incentives.
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John Gachora – NCBA Group
Annual Salary: KSh 185.76 million
Monthly Equivalent: KSh 15.48 million
According to the latest reports in 2023, NCBA Group CEO John Gachora received a total salary of KSh 185.76 million for the full financial year, a 25.75% increase from the KSh 147.73 million he earned the previous year.
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James Mwangi – Equity Bank Group
Annual Salary (Gross): KSh 189.6 million
Monthly Equivalent: KSh 15.8 million
Equity Bank CEO James Mwangi earns an approximate gross monthly salary of KSh 15.8 million, which includes both base pay and leave compensation. While Equity hasn’t disclosed a detailed bonus structure, his annual figure remains among the top.
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Paul Russo – KCB Bank Group
Annual Salary: KSh 177.65 million
Monthly Equivalent: KSh 14.8 million
Paul Russo’s compensation includes 42.2% salary and 57.8% in bonuses and stock-related incentives.
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Abdi Mohamed – Absa Bank Kenya
Annual Salary: KSh 109 million
Monthly Equivalent: KSh 9.08 million
Since taking over in 2023, Abdi Mohamed has led Absa Bank Kenya through stable performance. His annual pay includes a base salary of KSh 50.4 million and a performance bonus of KSh 19.8 million.
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Jane Karuku – East African Breweries Limited (EABL)
Annual Salary: KSh 83.49 million
Monthly Equivalent: KSh 6.96 million
Jane Karuku remains one of the most prominent women in Kenya’s corporate leadership. As EABL CEO, her earnings reflect her role in driving growth for the region’s top alcoholic beverage company.
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Ronald Karauri – SportPesa
Estimated Annual Salary: Over KSh 144 million
Monthly Equivalent: Over KSh 12 million
(Excludes bonuses and allowances)
SportPesa CEO Ronald Karauri, who is also the current Kasarani MP, reportedly earns over KSh 12 million monthly in salary alone. While full annual compensation isn’t officially disclosed, his role in the high-revenue betting industry places him among the best-paid executives.
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Benson Wairegi – Britam Insurance
Annual Salary: KSh 69.6 million
Monthly Equivalent: KSh 5.8 million
Benson Wairegi, a veteran in Kenya’s insurance sector, rounds off the list. His annual earnings are reported to be KSh 69.6 million.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.
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