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:
Ksh 98.7 million as salary
Ksh 116.7 million in bonuses
Ksh 33.5 million in non-cash benefits (such as school fees, housing, cars and club memberships)
Ksh 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).
From the Ksh 286 million he took home in a year, it implies that he earned Ksh 23.8 million per month, Ksh 790,000 per day, Ksh 33,000 per hour, Ksh 550 per minute and about Ksh 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.
Just imagine that. Some people literally swim in money.
Dr. Ndegwa holds an MBA from the London Business School and a Bachelor’s degree in Economics from the University of Nairobi. He is also a Certified Public Accountant (CPA) and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).
People say that employment cannot make you rich but if Ndegwa earns this way for more than 5 years,he will become rich–he is already rich.
