Kenyan Executive Peter Ndegwa Pockets 2.3 Million Salary From Safaricom

Peter Ndegwas total 2025 compensation rose 16.61 percent, driven by a significant 20.81 percent increase in long-term share-based incentives.

Despite Safaricoms revenues climbing 47.22 percent since 2021, net profit fell by 33.37 percent as total comprehensive income reversed to a substantial loss.

Ndegwas tenure since 2020 has seen Safaricom expand digital access while he retains a minority stake of 0.017 percent, underscoring his vested commitment.

Kenyan business executive Peter Ndegwa, CEO of Safaricom Plc, East Africa's leading telecommunications service provider and the architect behind the mobile payment platform M-PESA, earned Ksh294.2 million 1.95 million in total compensation for the 2025 fiscal year.

This represents a 16.61 percent increase over last years earnings of Ksh252.3 million 1.95 million, largely driven by a 20.81 percent rise in the value of share-based awards. Meanwhile, Safaricoms total comprehensive income came under pressure, reversing from a profit of Ksh35.4 billion 273.5 million in 2024 to a loss of Ksh108.03 billion 835.21 million.

Ndegwa's total compensation for Safaricom's 2025 fiscal year includes a base salary of Ksh98.7 million 763,060 and a performance-based short-term incentive of Ksh33.5 million 258,992.

A noteworthy component of his compensation is the long-term incentive award of Ksh162 million 1.25 million, acknowledging his unwavering commitment to Safaricom and his extensive experience in the telecommunications industry.

Ndegwa , a seasoned executive with over three decades of experience in general management, commercial and business strategy, sales, and finance operations within the financial services and fast-moving consumer goods FMCG sectors in Africa and Europe, has played a pivotal role in Safaricoms recent success.