Thursday, May 26, 2022

Salary, bonuses, allowances Joshua Oigara earns as KCB CEO

Joshua Oigara Salary: Joshua Oigara is one of the best paid chief executive officers in Kenya today. The latest pay disclosure shows that he earned an incredible Sh. 299.1 million salary per year as the chief executive officer by the Kenya Commercial Bank (KCB). This pay includes his basic salary, allowances and bonuses.

It is worth noting that these figures change as the NSE listed firms make their salary disclosures. Some firms are efficient in disclosing while others drag their feet in stating their managerial and board salaries. In 2020, few to zero salary disclosures were announced, including by KCB.

In the latest salary disclosure by the bank, Oigara earned a bonus of Sh. 145.3 million. He was also paid deferred compensation of Sh. 48.4 million as bonus last year and a gratuity of Sh. 21.6 million.

Joshua Oigara’s salary has placed him in the set of the best paid chief executive officers in the country.

Oigara’s previously disclosed salary had been Sh. 273 million. His basic salary was Sh. 72 million.

Here is the breakdown of the latest salary disclosure as KCB paid Mr. Oigara:

1). Salary : Sh. 72 million

2). Deferred compensation: Sh. 48.4 million

3). Gratuity: Sh. 21.6 million

4). Bonus: Sh. 145.3 million

READ MORE: The salary and allowances John Gachora earns as NIC Bank CEO

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