Kenya Power and Lighting Company’s Chief Executive Officer Joseph Siror will be earning an annual pay of over ksh. 46 million.
The pay is a 90% rise from his previous annual pay of KES 24.14 million in year ended June 2025 and KES 23.26 million in the year ended June 2024.
The rise in Siror’s take home follows an impressive improvement in the company’s financials that has seen shareholders enjoy bumped up dividends.
The company that is listed in the Nairobi Securities Exchange (NSE) declared a Ksh. 1.50 final dividend. Though modest, it represents a change in fortune for shareholders whom have had to endure dry years characterized by huge losses.
Out of the 46 million shillings base salary accounts for Ksh. 23.07 a rise from Ksh. 17.37 million.
Siror got compensation for expenses to a tune of Ksh. 10.52 million and a gratuity payment of Ksh. 12.44 Million.
The company got more than 400, 000 new customers bringing the total number of Kenyans connected to the grid to 10Million.
The increase in connectivity has been boosted by the government’s aggressive drive to light up thr country under the Last Mile Connectivity program.
The CEO’S salary however pales his peers in the Nairobi bouser given that the government owns a majority stake in the firm.
The government through the Salaries and Remuneration Commision (SRC) puts caps on general pay to civil servants.
Top earners in the NSE are generally from the banking and telco sector with Safaricom, Cooperative Bank and KCB leading in pay outs to their CEO’
