List of Safaricom Directors, Their Salaries and Allowances in 2025

• Safaricom's 2025 annual report showed how much the telecommunications company's directors were remunerated
• Safaricom's top executives and non-executive officers made a fortune during the period under review as they took home millions
• At the top of the list of the highest-paid directors was CEO Peter Ndegwa, who received a huge salary, a big bonus and non-cash benefits

TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers deep insights into Kenyan and global economic trends.

In January 2025, Safaricom made changes to its board of directors.

With effect from January 15, 2025, Edward Okaro was named an independent non-executive director of the top telecoms company in Kenya.

Okaro joined James Ludlow, John Kipngetich Mosonik, Winnie Ouko, Raisibe Morathi, Murielle Lorilloux, and Mohamed Shameel Aziz Joosub as members.

In the fiscal year that concluded in March 2025, Safaricom's top executives and non-executive officers made a fortune.

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According to the company's annual report, they took home a combined KSh 511.4 million.

How are Safaricom directors remunerated?

• The annual directors' fee paid to the chairman of the board is KSh 8.5 million per year.
• Each non-executive director receives KSh 3 million per annum.
• The sitting allowance payable to the chairman of the board is KShs 230,000 per meeting.
• The sitting allowance payable to the chair of a committee is KSh 125,000 per meeting.
• The sitting allowance payable to each non-executive director is KSh 110,000 per meeting.
• The board members are also entitled to telephone and internet usage allowance.

"The current remuneration structure is based on a survey commissioned by the board through its Board Nominations and Remuneration Committee and carried out by PricewaterhouseCoopers (PwC)," the telco explained.

How much did Peter Ndegwa earn?

The highest-paid director of the telecommunications company was Peter Ndegwa, the chief executive officer (CEO).

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Ndegwa received KSh 294.2 million in total compensation for the year ending March 2025, a 17% increase from the year before.

The pay included a bonus of KSh 116.7 million, a salary of KSh 98.7 million, KSh 45.3 million under Safaricom's Employee Performance Share Award Plan (EPSAP), and KSh 33.5 million in non-cash benefits.

How much did other directors earn?

1. Dilip Pal - KSh 132.4 million (inclusive of a salary of KSh 63.3 million, a bonus of KSh 43.2 million, non-cash benefits of KSh 19.2 million and EPSAP of KSh 6.8 million).
2. Adil Khawaja (chairman) - KSh 24.5 million.
3. Rose Ogega - KSh 5.4 million.
4. Mohamed Joosub - KSh 7.5 million.
5. National Treasury Cabinet Secretary - KSh 3.2 million.
6. Fransesco Bianco - KSh 1.6 million.
7. John Kipng'etich Mosonik - KSh 7.6 million.
8. Winnie Ouko - KSh 7.7 million.
9. Murielle Lorilloux - KSh 5.2 million.
10. Raisibe Morathi - KSh 5.8 million.
11. Ory Okolloh - KSh 3.5 million.
12. Karen Kandie - KSh 5.6 million.
13. Edward Okaro - KSh 3 million.
14. James Ludlow - KSh 4.1 million.

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What was Safaricom's profit?

Safaricom's net profit increased significantly for the fiscal year that concluded on March 30, 2025.

The company's earnings after tax increased by 7.3% to KSh 45.8 billion from KSh 42.6 billion in the fiscal year 2023/2024.

Safaricom's CEO Ndegwa attributed the performance to digitisation and innovation.

Proofreading by Mercy Nyambura, copy editor at TUKO.co.ke.

Source: TUKO.co.ke