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Safaricom pays Michael Joseph Sh127.5m bonus

Safaricom pays Michael Joseph Sh127.5m bonus
Summary
The bonus came in a period when he had already relinquished the chief executive post to Peter Ndegwa, whose appointment took effect on April 1, 2020.
It is not clear whether the additional payout to Mr Joseph, which was categorised under executive compensation, is linked to his nine-month stint as interim CEO after Safaricom’s long-time executive Bob Collymore died of cancer in July 2019.
The company did not disclose in the annual report if there was any deferred compensation owed to Mr Joseph.
Wednesday July 07 2021
By VICTOR JUMA
Summary
The bonus came in a period when he had already relinquished the chief executive post to Peter Ndegwa, whose appointment took effect on April 1, 2020. ....

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Safaricom pays Michael Joseph Sh127.5m bonus

Safaricom pays Michael Joseph Sh127.5m bonus
Business Daily
Safaricom Plc #ticker:SCOM paid Michael Joseph an additional bonus of Sh127.5 million in the year ended March, making him Kenya’s best paid board member of a firm listed on the Nairobi bourse. The bonus came in a period when he had already relinquished the chief executive post to Peter Ndegwa, whose appointment took effect on April 1, 2020. It is not clear whether the additional payout to Mr Joseph, which was categorised under executive compensation, is linked to his nine-month stint as interim CEO after Safaricom’s long-time executive Bob Collymore died of cancer in July 2019. The company did not disclose in the annual report if there was any deferred compensation owed to Mr Joseph. But it says its executives are entitled to emoluments they have negotiated with the company, adding that non-executive directors, including its chair, do not receive bonuses. “The executive director’s (the CE ....

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Tyrifik teams up with Munga for the 'Mula'

Tyrifik teams up with Munga for the 'Mula'
loopnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from loopnews.com Daily Mail and Mail on Sunday newspapers.

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City assembly ODM leadership cracks the whip on rebel MCAs

The discharged members include Sarang’ombe MCA Lawrence Otieno, Kabiro MCA Clarence Munga and his Mathare North counterpart Jared Okode.
Mr Otieno was de-whipped from Trade and Water committees, Mr Okode from Transport, Planning and Culture committees, and Mr Munga from Implementation, ICT, Culture and Trade committees.
The three “rebels” have been accused of going against party position at the assembly by siding with Jubilee Party MCAs to vote for the removal of public accounts committee (PAC) chairperson Wilfred Odalo, a fellow ODM MCA.
The three appended their signatures together with 12 Jubilee MCAs to see Mr Odalo removed at the helm of the watchdog committee despite ODM being against the move. ....

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Councils of elders role in politics put into sharp focus ahead of 2022 poll

Councils of elders role in politics put into sharp focus ahead of 2022 poll
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Rift Valley , Homa Bay , Wachira Kiago , Michael Kijana Wamalwa , Philip Masinde , Anania Mwaboza , Nandi Talai , Samuel Bosire , Zuleikha Hassan , Kungu Muigai , Njuri Ncheke , Kiama Kia Ma , Ali Abdalla Mnyenze , Uhuru Kenyatta , Ngala Yamba , Christopher Koyogi , Raila Odinga , Araka Matundura , Mwero Kalimbo , Shaban Ndegwa , Elly Otondi , Josephat Murangiri , Njuri Ncheke Council Of Elders , Abagusii Council Of Elders , Kikuyu Council Of Elders , Talai Council Of Elders ,