The highest paid CEO on the list earns more than the combined list of all the CEOs in Kenya. Such is the disparity that this one single executive also earns more than the combined list of Nigeria.
The list also highlights a stark contrast. Gender inequality in Sub saharan Africa is not immune to the exclusive office of the CEO. Only one woman makes the list; and is the lowest paid CEO on the list.
Diverging from traditional reviews which focus on individuals we have based our study rather on the companies brave enough to lay all their hopes and future profits on the CEO.
On average CEOs in South Africa are compensated significantly more than any other region.
Clearly competition is fierce across industries with FMCG & Banking accounting for 53% of the total
Approximate compensation in South Africa starts at over $3,000,000 and tops out $8,000,000. Nigeria is the next region with a minimum of $450,000 and a maximum of $1,500,000. Kenya has a ceiling of $1,000,000 with a minimum of $170,000
South Africa
Fast moving consumer goods Industry is the leading compensator for CEO talent. The top 3 talents combined account for over $15,000,000 in executive compensation.
South Africa also has a more diverse listing of industries in the top ten which probably is because their markets are relatively more mature.
Nigeria
With ambitious infrastructure plans, its no surprise that the Construction industry compensates handsomely. Banking also provides equaly lucrative remunerations
FMCG also is well represented with 55.3% of the top ten leaders working in the industry
Kenya
British American Tobacco provides not only the highest compensation for their CEO in South Africa but also the lowest compensation for Kenya.
With the sole female entry on the list Kenya also has the least diversified top ten industries, electing to reward Banking and FMCG executives, with Banking as the top industry
Full List of Top Paid CEOs in Kenya, Nigeria and South Africa
| Country | Name | Company | Salary | USD | Estimated Revenue | Estimated USD Revenue | CEO % Of Revenue | Minimum Wage USD | Multiples Relative to Minimum Wage | Monthly | weekly | Daily | Hourly |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nigeria | Ferdinand Moolman | MTN | 586.000.000,0 | 1.536.042 | 1.200.000.000.000,00 | 2.750.000.000,00 | 6,00 | 1.108 | 1.386 | 128.003 | 32.001 | 6.400 | 800 |
| Nigeria | Austin Avuru | Seplat | 440.000.000,0 | 1.153.342 | 697.000.000,00 | 17,00 | 1.108 | 1.041 | 96.112 | 24.028 | 4.806 | 601 | |
| Nigeria | Segun Agbaje | GTBank | 400.000.000,0 | 1.048.493 | 453.000.000.000,00 | 1.187.418.087,00 | 9,00 | 1.108 | 946 | 87.374 | 21.844 | 4.369 | 546 |
| Nigeria | Yaw Nsarkoh | Unilever | 330.000.000,0 | 865.007 | 60.500.000.000,00 | 158.584.535,00 | 55,00 | 1.108 | 781 | 72.084 | 18.021 | 3.604 | 451 |
| Nigeria | Michael Puchercos | Lafarge Africa | 272.000.000,0 | 712.975 | 213.000.000.000,00 | 558.322.412,00 | 13,00 | 1.108 | 643 | 59.415 | 14.854 | 2.971 | 371 |
| Nigeria | Jordi Borrut Bel | Nigerian Breweries | 271.000.000,0 | 710.354 | 151.000.000.000,00 | 395.806.029,00 | 18,00 | 1.108 | 641 | 59.196 | 14.799 | 2.960 | 370 |
| Nigeria | Mauricio Alarcon | Nestle Nigeria | 218.000.000,0 | 571.429 | 141.000.000.000,00 | 369.593.709,00 | 15,00 | 1.108 | 516 | 47.619 | 11.905 | 2.381 | 298 |
| Nigeria | Lars Richter | Julius Berger | 217.000.000,0 | 568.807 | 102.000.000.000,00 | 267.365.662,00 | 21,00 | 1.108 | 513 | 47.401 | 11.850 | 2.370 | 296 |
| Nigeria | Emeka Emuwa | Union Bank of Nigeria | 172.000.000,0 | 450.852 | 118.800.000.000,00 | 311.402.359,00 | 14,00 | 1.108 | 407 | 37.571 | 9.393 | 1.879 | 235 |
| South Africa | Safiso Dabengwa | MTN | 48.000.000,0 | 3.167.361 | 2.677.000.000,00 | 12,00 | 3.360 | 943 | 263.947 | 65.987 | 13.197 | 1.650 | |
| South Africa | James Wellwood | Shoprite | 50.000.000,0 | 3.299.335 | 160.000.000.000,00 | 3.360 | 982 | 274.945 | 68.736 | 13.747 | 1.718 | ||
| South Africa | David Constable | Sasol | 53.700.000,0 | 3.543.486 | 21.700.000.000,00 | 2,00 | 3.360 | 1.055 | 295.290 | 73.823 | 14.765 | 1.846 | |
| South Africa | Ian Hawksworth | Capital & Counties | 63.000.000,0 | 4.157.162 | 79.000.000,00 | 526,00 | 3.360 | 1.237 | 346.430 | 86.608 | 17.322 | 2.165 | |
| South Africa | Simon Crutchley | AVI | 61.100.000,0 | 4.031.787 | 7.140.000.000,00 | 3.360 | 1.200 | 335.982 | 83.996 | 16.799 | 2.100 | ||
| South Africa | Mark Cutifani | Anglo American | 85.000.000,0 | 5.608.869 | 29.000.000.000,00 | 3.360 | 1.669 | 467.406 | 116.851 | 23.370 | 2.921 | ||
| South Africa | Julian Roberts | Old Mutual | 87.200.000,0 | 5.754.040 | 12.200.000.000,00 | 5,00 | 3.360 | 1.713 | 479.503 | 119.876 | 23.975 | 2.997 | |
| South Africa | Andrew Stewart Mackenzie | BHP Billiton | 98.800.000,0 | 6.519.486 | 25.900.000,00 | 2.517,00 | 3.360 | 1.940 | 543.290 | 135.823 | 27.165 | 3.396 | |
| South Africa | Nicandro Durante | British American Tobacco | 118.000.000,0 | 7.786.430 | 3.360 | 2.317 | 648.869 | 162.217 | 32.443 | 4.055 | |||
| South Africa | Alan Clark | SAB Miller | 122.000.000,0 | 8.050.377 | 3.360 | 2.396 | 670.865 | 167.716 | 33.543 | 4.193 | |||
| Kenya | Gideon Muriuki | Cooperative Bank | 105.400.000,0 | 957.746 | 2.300.000.000,00 | 4,00 | 755 | 1.269 | 79.812 | 19.953 | 3.991 | 499 | |
| Kenya | Joshua Oigara | KCB | 74.000.000,0 | 672.422 | 832.000.000,00 | 8,00 | 755 | 891 | 56.035 | 14.009 | 2.802 | 350 | |
| Kenya | James Mwangi | Equity Bank | 56.700.000,0 | 515.220 | 906.000.000,00 | 6,00 | 755 | 682 | 42.935 | 10.734 | 2.147 | 268 | |
| Kenya | John Gachora | NCBA Bank | 94.900.000,0 | 862.335 | 180.000.000,00 | 48,00 | 755 | 1.142 | 71.861 | 17.965 | 3.593 | 449 | |
| Kenya | James Mworia | Centum Investment | 45.000.000,0 | 408.905 | 10.600.000,00 | 386,00 | 755 | 542 | 34.075 | 8.519 | 1.704 | 213 | |
| Kenya | Andrew Cowan | EABL | 35.800.000,0 | 325.307 | 82.500.000.000,00 | 749.659.246,00 | 4,00 | 755 | 431 | 27.109 | 6.777 | 1.355 | 169 |
| Kenya | Jeremy Awori | Absa | 34.260.000,0 | 311.313 | 755 | 412 | 25.943 | 6.486 | 1.297 | 162 | |||
| Kenya | Benson Wairegi | Britam | 65.800.000,0 | 597.910 | 755 | 792 | 49.826 | 12.456 | 2.491 | 311 | |||
| Kenya | Beverley Spencer-Obatoyinbo | British American Tobacco | 19.200.000,0 | 174.466 | 755 | 231 | 14.539 | 3.635 | 727 | 91 | |||
| Country | Name | Company | Salary | USD | Estimated Revenue | Estimated USD Revenue | CEO % Of Revenue | Minimum Wage USD | Multiples Relative to Minimum Wage | Monthly | weekly | Daily | Hourly |
