Centum Investment’s James Mworia has set a new record for highest paid Chief Executive Officer (CEO) in Kenya.
A pay rise of 5.1 per cent has seen Mworia take home Sh375.6 million in the year ended March compared to Sh201.1 million the year before. This means that his total five-year pay will rise to nearly Sh1 billion.
The pay rise extends Mr Mworia’s record as corporate Kenya’s highest-paid CEO to Sh31.3 million per month, the firm’s latest annual report indicate.
Mworia’s new pay record is as a result of Centum’s performance bonus scheme, whose targets he has consistently met over the years, netting hundreds of millions of shillings in profits.
Mworia’s Sh375.6 million a year pay places puts him ahead of the remuneration of chief executives of the five largest companies by market capitalisation at the Nairobi Securities Exchange including telecommunication giant Safaricom, East African Breweries Limited and KCB Group.
Safaricom’s CEO Bob Collymore and KCB’s Joshua Oigara recently announced they take home Sh9 million and Sh4.9 million per month, totaling to Sh108 million and Sh58.8 million respectively per year.
That’s $3.72 million. Not…
That’s $3.72 million. Not bad for a Kenyan CEO even though it is below global standards. The guy is a smart CFA charter holder.
I do not get the math right…
I do not get the math right. 5.1% 200m is 10m, how does that add up to 375m?
@Wakenya: If you did not…
@Wakenya: If you did not know, that is how you cook numbers.
Good job mworia.Again if u…
Good job mworia.Again if u got stuck in west diaspora will u b getting paid this kind of money.Smart for returning back home Wacha tunjenge kenya yetu.I still feel for those many Kenyans I left ati majuu doing funny funny jobs… which yes ur able to pay bills n buy food but they have 2/3 masters degrees.I kept telling them to build a house n come home juu kuna many opportunities here but again many have bin brainwashed in this wazungus countries yet u know ur not moving in yr life.But it’s a choice n a risky move u have to make to b back home.Brain drain very bad.
Never heard of this Centum…
Never heard of this Centum investments and exactly who are the board memebers and shareholders who have not checked this guy for taking home so much money while in Kenya most people earn less than 50000 per month .Why only in Kenya we have simpletons like radio and TV presenters earning ridiculous sums of money for doing simple work. Seriously did you see the car that Madowo or Lilian Muli drive mere journalists how is the pay determined in Kenya.
Great Mworia
Great Mworia