Kenya’s Top 10 Highest Ranked Corporate Earners

By Virginia Mwangi

Kenya’s Chief Executive Officers (CEO) are some of the best paid in the continent enabling them to live extravagantly. Top corporate executives are responsible for broad and sensitive duties and are well compensated for their jobs.

Kenya’s law requires the Capital Markets Authority to publicly list companies and publish all the payments made to company directors and senior executives.

• Joshua Oigara- CEO KCB

Kenya Commercial Bank (KCB) is regarded as the largest bank in terms of assets. KCB CEO pocketed 281million shillings in 2017 which when broken down translates to 23 million shillings and 143,750 per hour.

• James Mworia- CEO Centum

At 40 years of age, James Mworia is a lawyer, accountant, and a business executive is the highest paid corporate CEO in Kenya. He is the managing director and CEO of Centum Investments which is the largest publicly traded private capital firm in eastern Africa.

Mworia, who is an alumnus of Alliance High School, has been Centum’s CEO since 2008.

Mworia earned 211.5 million shillings by the end of 2017.

• David Ohana –Kenol Kobil

Appointed to the board on 3rd July 2013, David Ohana, Kenol Kobil’s Managing director is pocketing handsomely.

In the year 2017, Ohana took home 203million shillings with 52.9 shillings being his monthly and an annual bonus of 151.2.

• Lamin Manjang- CEO Standard Chartered

55-year-old Standard Charted CEO, Lamin Manjang, took home 141.04 million shillings by the end of 2017. Lamin joined Standard Chartered in March 2014.

• Tom Gitogo – CEO CIC Insurance

Tom Gitogo, who joined CIC Insurance Group in March 2015, pocketed a total of 125.4 million shillings by the end of 2017.

• Jeremy Awori – CEO Barclays Bank of Kenya

At 48 years of age, Jeremy Awori is the CEO of Barclays Kenya and a member of the Young Presidents Organization.

Jeremy earned 122.95 million shillings by the end of 2017.

• Tejinder Singh -Head of Global Banking

45-year-old Tejinder Singh is the head of global banking/Head of Corporate and Institutional Banking. He is also the executive director, roles which earned him 130.3 million shillings in 2017.

• James Mwangi – CEO at Equity Group

James Mwangi, at 56 years of age, Equity Bank’s CEO, is one of the best paid in the country earning around 15.9 million shillings per month. Mwangi is famous for his business acumen mostly in the banking industry where he and a number of shareholders grew Equity bank from a building society to the gigantic bank it has become.

James’s earned 117.21 million shillings in 2017.

• Frank Ireri – HFC Managing Director

The then Housing Finance boss, Frank Ireri, who did not renew his contract in May 2018 took home 108.9 million shillings.

Ireri left behind a company retrenching its workers in efforts to keep afloat after experiencing major losses.

• Mugo Kibati former CEO at Sanlam Kenya

Sanlam Kenya, formerly known as Pan Africa Insurance Holdings Limited, is headed by Mugo Kibati since February 17, 2015, who is an alumnus of the George Washington University School of Business.

Mugo earned 125.4 million shillings by the end of 2017 qualifying him to the list of Kenya’s corporate top earners.