THE STANDARD By
Fredrick Obura |
January 22nd 2021 at 15:07:11 GMT +0300
A couple of weeks ago, there was a graphic circulating that showed the alleged monthly salaries of the top ten highest paid chief executive officers in Kenya. The source was
Wanjiku Reports.
As expected, the ranking raised eyebrows and generated a heated debate online. On the list was Kenya Airways CEO Allan Kivaluka, a company that has been going through financial hardships coupled by the effects of Covid-19.
Listed companies
The 10 CEOs of the companies listed by
Wanjiku Reports are all listed at the Nairobi Securities Exchange. They include: Gideon Muriuki (Cooperative Bank), Joshua Oigara (KCB Group), Peter Ndegwa (Safaricom), Allan Kilavuka (Kenya Airways), Jeremy Awori (ABSA), John Gachora (NCBA), Jane Karuku (EABL), Benson Wairegi (Britam), James Mwangi (Equity) and James Mworia (Centum).
HF gets Sh1bn capital from Britam
Thursday January 21 2021
HF chief executive Robert Kibaara (left) with Britam group managing director Benson Wairegi during the signing of a Sh1 billion capital deal yesterday at Britam Towers, Nairobi. PHOTO | DIANA NGILA | NMG
By VICTOR JUMA
Summary
Mortgage financier HF Group has received Sh1 billion from its top shareholder Britam Holdings to boost the lender’s capital and loans outside real estate.
The cash injection will enable HF to deepen its strategy of expanding into mainstream banking including retail and SME lending while cutting reliance on the soft real estate market.
The mortgage financier will channel the bulk of its lending to small and medium enterprises and those buying houses through the State-backed affordable homes scheme.
Britam taps strategist to replace veteran Wairegi
Tuesday January 19 2021
By VICTOR JUMA
Summary
Insurance Group Britam Holdings has appointed Zimbabwean Tavaziva Madzinga as its chief executive to replace Benson Wairegi who is retiring on January 31, 2021 after 40 years of service.
The appointment of Mr Madzinga, an actuarial scientist, takes effect on February 1, 2021.
Insurance Group Britam Holdings has appointed Tavaziva Madzinga, a strategy expert, as its chief executive to replace long-serving Benson Wairegi, who is retiring at the end of this month after 40 years of service.
The appointment of Mr Madzinga, an actuarial scientist who previously served as chief executive of Old Mutual’s operation in Kenya, takes effect on February 1, 2021 and ends a two-year talent search.
Kenyans take the reins in top firms
Thursday December 24 2020
Mr Allan Kilavuka (left) was confirmed as Kenya Airways CEO after Sebastian Mikosz resigned. Ms Jane Karuku (centre) was named EABL managing director, becoming the first Kenyan woman to lead the brewer. Mr Peter Ndegwa became the first Kenyan to lead Safaricom PLC , East Africa’s biggest company. FILE PHOTOS | NMG
By VICTOR JUMA
Summary
Some of the executive changes this year took place at the country’s biggest companies where Kenyans took the reins, breaking a long-running tradition of appointing foreigners seconded from other subsidiaries.
Some of the executive changes this year took place at the country’s biggest companies where Kenyans took the reins, breaking a long-running tradition of appointing foreigners seconded from other subsidiaries.