Safaricom chief executive officer Peter Ndegwa’s annual performance bonus fell by Sh62.2 million in the year to March 2024, marking the first time his pay has dropped since he was appointed in April 2020.
Disclosures in Safaricom’s annual report for the 12 months ending March 2024 show that the company paid Mr Ndegwa a bonus of Sh134.1 million in the period, compared to Sh196.3 million in the year to March 2023. The bonus had risen from Sh90 million in March 2021 to Sh178.9 million in March 2022.
