The Covid-19 pandemic that crippled the markets and devastated economies for the better part of last year barely touched the perks of Kenya’s top executives. Equity Bank CEO James Mwangi was the second-highest earner, taking home Sh278.5 million after he received a one-off gratuity of Sh194.6 million. His predecessor, the late Bob Collymore, had earned Sh200.95 million in the previous financial calendar ending March 2020. Standard Chartered’s Kariuki Ngare earned Sh93.2 million, while NCBA’s John Gachora took home Sh81.5 million, and Nasim Devji of DTB Bank Sh63 million. Despite the raging effects of the Covid-19 pandemic that ravaged the economy, these CEOs raked in Sh945.4 million in allowances and Sh896.8 million in basic salary.

Source: Standard Digital August 02, 2021 21:00 UTC