PHOTO | DIANA NGILACentum Investment’s chief executive James Mworia’s total pay rose 87 per cent to a record Sh375.6million in the year ended March compared to Sh201.1 million the year before, taking his total five-year pay to nearly Sh1 billion. The compensation, which extended Mr Mworia’s record as corporate Kenya’s highest-paid CEO, was equivalent to Sh31.3 million per month, according to disclosures in the company’s latest annual report. Mr Mworia’s take-home is particularly unique in the fact that his monthly salary is a more modest Sh2 million or about Sh24 million a year – translating to a small fraction of the annual total remuneration for the 40-year-old executive. Safaricom’s Bob Collymore and KCB’s Joshua Oigara in December 2015, announced they were on a monthly pay of Sh9 million and Sh4.9 million, adding up to Sh108 million and Sh58.8 million respectively. This created an excess of some Sh390 million in absolute terms, part or all of which was available for distribution to eligible staff.

Source: Daily Nation September 13, 2017 08:48 UTC