Safaricom CEO Peter Ndegwa Increase Stake in Telco by 40%
TLDR
- Safaricom CEO Peter Ndegwa has boosted his shareholding in the company by 40%, now owning 8.7 million shares, according to the telecom’s FY2025 disclosures
- At Safaricom’s Monday close of KES 25.70 ($0.20), Ndegwa’s stake is valued at roughly KES 223.59 million ($1.73 million)—a significant rise from his 2021 holding
- Ndegwa’s deeper investment reflects both personal share purchases and allocations under Safaricom’s Employee Performance Share Award Plan (EPSAP)
Safaricom CEO Peter Ndegwa has boosted his shareholding in the company by 40%, now owning 8.7 million shares, according to the telecom’s FY2025 disclosures.
At Safaricom’s Monday close of KES 25.70 ($0.20), Ndegwa’s stake is valued at roughly KES 223.59 million ($1.73 million)—a significant rise from his 2021 holding of just 895,000 shares.
Appointed in April 2020, Ndegwa’s deeper investment reflects both personal share purchases and allocations under Safaricom’s Employee Performance Share Award Plan (EPSAP), which grants free shares to high-performing staff.
In FY2025, he received KES 45 million ($349,955) worth of shares as part of a KES 294.2 million ($2.2 million) total compensation, making him the highest-paid CEO among Nairobi Securities Exchange (NSE)-listed firms.
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Key Takeaways
Safaricom CFO Dilip Pal also raised his holding by 65%, now holding 2.2 million shares worth KES 56.54 million ($436,787). The uptick in executive equity reflects strong confidence in the telco’s prospects amid a rebound in earnings. Safaricom posted an 11% rise in net profit to KES 69.8 billion ($540 million) for the year ended March 2025, driven by a surge in mobile money and data revenues and lower Ethiopia-related losses. After two years of flat profits, this marks a return to growth. The company continues to view Ethiopia as a high-potential long-term market despite early setbacks and investment pressures. Share-based compensation and growing insider ownership are now key tools Safaricom is using to align executive incentives with long-term shareholder value.
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