Safaricom CEO Raises Stake to 8.7m Shares, Earns $2.2m as Profit Surges 11% - Tech

Safaricom CEO Raises Stake to 8.7m Shares, Earns $2.2m as Profit Surges 11% - Tech

Safaricom CEO, Peter Ndegwa, has raised his personal stake in the telecoms giant by 40%, taking his total shareholding to 8.7 million shares as of March 2025. This is an increase from his previous 6.2 million shares. Ndegwa, who stepped into the CEO role in April 2022, has been steadily building his stake since holding just 895,000 shares in 2021.  At Safaricom’s closing price of KES 25.70 per share on Monday, his total shares are worth approxim…

Safaricom CEO Peter Ndegwa increases stake to 8.7 million shares

Safaricom CEO Peter Ndegwa has increased his stake in the telecom giant by 40% to 8.7 million shares in the year ended March 2025, according to the company’s latest disclosures. Ndegwa, appointed Safaricom CEO in April 2022, has significantly increased his stake in the company over the past two years, from 895,000 shares in 2021, a holding that had remained unchanged since he first acquired it. At the Monday closing price of $0.2 (KES 25.70) per…

How Safaricom Boss Ndegwa Earned Over Ksh.200 Million

Safaricom Chief Executive Peter Ndegwa earned a total of Ksh.294.2 million ($2.2 million) for the year ending March 2025—a 17% increase from the previous year, making him the highest-paid boss on the Nairobi Securities Exchange (NSE). The record earnings came as Safaricom’s net profit rose by 11% to Ksh.69.8 billion ($540 million), due to strong … The post How Safaricom Boss Ndegwa Earned Over Ksh.200 Million in One Year first appeared on Metrop…