Report: Safaricom paid CEO eye-watering Sh16m monthly

Safaricom CEO Bob Collymore when he appeared before the National Assembly Communication, Information and Innovation Committee on the inquiry into legislative and regulatory gaps affecting competition in the telecommunication sub-sector at County Hall, Nairobi August 6, 2018. [Boniface Okendo/Standard]

Mobile service provider Safaricom paid its Chief Executive Officer Sh196.47 million in the year to March this year, according to the firm’s annual report.

This would translate to Sh16 million a month or more than half a million a day.