Kenya is home to a thriving economy and a diverse range of businesses that offer competitive salaries and benefits to their employees.
As the job market becomes increasingly competitive, it’s important for job seekers to be aware of the best paying companies in Kenya.
This article will explore some of the top companies in Kenya that offer the best compensation packages and employee benefits, including details about their culture, values, and career growth opportunities.
Whether you’re a recent graduate looking for your first job or an experienced professional seeking a new challenge, this article will provide valuable insights into the best paying companies to work for in Kenya.
1. Kenya Commercial Bank (KCB)
KCB is the largest bank in Kenya, as well as one of the largest banks in the East African region.
The bank was founded in 1896 and has since grown to become a leading financial institution in the region, providing a wide range of banking products and services to individuals, businesses, and institutions.
KCB operates in several countries across East Africa, including Kenya, Uganda, Tanzania, Rwanda, South Sudan, Burundi, and Ethiopia.
The bank’s core services include personal banking, corporate banking, investment banking, and international banking. KCB also provides services such as mobile banking, internet banking, and insurance services.
Entry-level positions in customer service and banking operations can expect to earn a starting salary of around Ksh 50,000 to Ksh 70,000 per month.
Experienced managers and executives can earn salaries in the range of Ksh 100,000 to Ksh 600,000 per month.
2. Safaricom
Safaricom is a leading telecommunications company in Kenya that provides mobile network services, internet connectivity, and mobile money transfer services.
The company was established in 1997 and has since grown to become one of the most profitable companies in the East African region.
Safaricom’s mobile network services include voice and data services, with a wide coverage across the country. The company also offers internet connectivity through various technologies such as 3G, 4G, and 5G networks.
With over 40 million subscribers, Safaricom is the largest telecommunications service provider in Kenya
Entry-level positions in customer service and sales can expect to earn a starting salary of around Ksh 40,000 to Ksh 70,000 per month. Experienced managers and executives can earn salaries in the range of Ksh 300,000 to Ksh 800,000 per month.
3. Equity Bank
Equity Bank is a Kenyan commercial bank that was established in 1984 as Equity Building Society.
It has since grown to become one of the largest banks in Kenya and East Africa, with operations in several African countries, including Uganda, Tanzania, Rwanda, South Sudan, and the Democratic Republic of Congo.
Equity Bank offers a range of banking products and services to individuals, small and medium-sized enterprises (SMEs), and large corporations.
These include savings and current accounts, loans and credit facilities, insurance products, investment products, and foreign exchange services
Starting salary is around Ksh 40,000 to Ksh 100,000 per month. Experienced managers and executives can earn salaries in the range of between Ksh 300,000 to Ksh 800,000 per month.
4. Cooperative Bank of Kenya
The Cooperative Bank of Kenya is a financial institution that was founded in 1965 as a cooperative society, and later converted to a fully-fledged bank in 2008.
The bank’s main objective is to provide financial services to its members, who are also its owners, as well as the general public.
As a Coop bank, it operates on the principles of mutual ownership, democratic control, and social responsibility. This means that members have a say in how the bank is run and share in the bank’s profits.
The Cooperative Bank of Kenya offers a range of financial services, including savings and current accounts, loans, mortgages, insurance, and investment services.
It also has a strong presence in mobile banking through its MCo-op Cash service, which allows customers to access their accounts and carry out transactions using their mobile phones
The starting salary at Cooperative bank is between Ksh 30,000 to Ksh 100,000 and between Ksh 700,000 to Ksh 8,000,000 for experienced position such us managers and executives.
5. Standard Chartered Bank
Standard Chartered Bank is a global financial institution headquartered in London, UK, with a history dating back to 1853.
The bank operates in over 60 countries, primarily in Asia, Africa, and the Middle East, with a focus on providing services to individuals, businesses, and institutions.
The bank offers a wide range of financial products and services, including personal and corporate banking, wealth management, trade finance, and investment banking.
Standard Chartered is particularly known for its expertise in emerging markets, where it has a strong presence and extensive experience.
In recent years, Standard Chartered has also made a significant effort to modernize its technology and digital capabilities. The bank has introduced a range of digital products and services, such as online and mobile banking, to improve customer experience and convenience.
The starting salary at Standard Chartered bank in Kenya is around Ksh 50,000 to Ksh 90,000 per month. Experienced managers and executives can earn salaries in the range of Ksh 150,000 to Ksh 650,000 per month.
6. Deloitte
Deloitte is a global professional services firm that provides a wide range of services, including audit and assurance, consulting, financial advisory, risk advisory, tax and related services to clients across various industries.
The firm has a presence in over 150 countries and territories worldwide, with more than 330,000 professionals serving clients from diverse sectors, such as consumer products, energy, financial services, government and public services, healthcare, life sciences, manufacturing, technology, media, and telecommunications.
Deloitte’s services are designed to help clients improve their business operations, manage risk, optimize their financial performance, and make strategic decisions.
The firm’s consulting practice helps clients develop and implement strategies, transform their operations, and leverage emerging technologies to drive innovation and growth.
In addition to its core services, Deloitte has developed various specialized practices, such as Deloitte Digital, which helps clients design and implement digital strategies and experiences; Deloitte Legal, which provides legal services across various areas of law; and Deloitte Greenhouse, which uses immersive experiences and design thinking to help clients solve complex problems and drive innovation.
Starting salary is around Ksh 70,000 to Ksh 150,000 per month. However, experienced managers and executives can earn salaries in the range of Ksh 300,000 to Ksh 3,000,000 per month.
7. EABL (East African Breweries Limited)
East African Breweries Limited (EABL) is a leading producer and distributor of alcoholic and non-alcoholic beverages in East Africa. The company was founded in 1922 and is headquartered in Nairobi, Kenya.
EABL operates in Kenya, Uganda, Tanzania, South Sudan, and Rwanda, and has a portfolio of popular brands such as Tusker, Guinness, Pilsner, White Cap, and Serengeti.
EABL’s primary business is brewing and marketing of beer, which accounts for the majority of the company’s revenue. The company also produces and distributes spirits, wines, and non-alcoholic beverages such as water and soft drinks.
EABL is a subsidiary of Diageo, a global leader in alcoholic beverages, and is listed on the Nairobi Stock Exchange and Uganda Securities Exchange.
In recent years, EABL has invested heavily in expanding its production capacity, improving distribution networks, and launching new products to meet the growing demand for beverages in East Africa.
The company has also focused on promoting responsible drinking and reducing harmful alcohol consumption through partnerships and awareness campaigns.
Entry-level positions in manufacturing and logistics can expect to earn a starting salary of around Ksh 70,000 to Ksh 100,000 per month. Experienced managers and executives can earn salaries in the range of Ksh 1,500,000 to Ksh 4,000,000 per month.
8. I&M Bank
I&M Bank Limited) is a commercial bank headquartered in Kenya, with branches in Tanzania, Rwanda, and Mauritius.
It offers a wide range of financial products and services to individuals, businesses, and institutions, including but not limited to personal, business, corporate and investment banking.
I&M Bank was established in 1974 as a subsidiary of the City Bank of India, but it became a fully-fledged commercial bank in 1996.
It is listed on the Nairobi Securities Exchange and has a strong reputation in the East African region for its reliability, innovation, and customer-centric approach.
In addition to its core banking services, I&M Bank has also invested in digital banking solutions, such as mobile banking and internet banking, to make banking more accessible and convenient for its customers.
You should expect to take home a salary of between Ksh 70,000 to Ksh 100,000 at the entry level and around Ksh 800,000 to Ksh 2.5M for managers and executive positions.
9. Nation Media Group
Nation Media Group (NMG) is a Kenyan media company that operates across East and Central Africa. It was founded in 1959 by the Aga Khan as a newsprint supplier and has since grown to become the largest independent media house in the region.
NMG operates a range of media outlets, including newspapers, radio and television stations, and digital platforms.
Its flagship newspaper, the Daily Nation, is the most widely read daily newspaper in Kenya, while its radio and television stations reach millions of listeners and viewers across the region.
In addition to its media operations, NMG is also involved in printing, publishing, and advertising.
NMG has won numerous awards for its journalism, including the CNN MultiChoice African Journalist of the Year Awards and the East African Journalism Awards.
The company is also committed to corporate social responsibility and has initiatives that promote education, health, and environmental sustainability.
Entry-level positions in journalism and media can expect to earn a starting salary of around Ksh 20,000 to Ksh 30,000 per month. Experienced managers and executives can earn salaries in the range of Ksh 100,000 to Ksh 200,000 per month.
10. Jubilee Insurance
Jubilee Insurance is a multinational insurance company that provides a wide range of insurance products and services to individuals and businesses in various countries.
The company was established in Kenya in 1937 and has since expanded its operations to other countries in East Africa, as well as Pakistan, Uganda, Tanzania, Burundi, and Mauritius.
Jubilee Insurance offers a variety of insurance products, including life insurance, health insurance, general insurance, and investment-linked insurance.
The company’s life insurance products include term life insurance, whole life insurance, and endowment policies. Its health insurance products include individual health insurance, group health insurance, and family health insurance.
General insurance products offered by the company include property insurance, liability insurance, marine insurance, and motor insurance.
Jubilee Insurance also provides investment-linked insurance products, which allow customers to invest in a range of investment funds while also providing them with insurance protection.
These investment-linked products can help customers achieve their financial goals while also protecting their families in case of unexpected events.
Jubilee Insurance can earn you a starting salary of around Ksh 50,000 to Ksh 65,000 per month. Experienced managers and executives can earn salaries in the range of Ksh 1,000,000 to Ksh 2,500,000 per month.
You can also make more through bonusses and commissions depending on your area of work.
11. Britam Holdings
Britam Holdings is a diversified financial services group headquartered in Nairobi, Kenya. The company was founded in 1965 as British-American Investments Company (Kenya) Limited and changed its name to Britam Holdings in 2014.
Britam Holdings operates through various subsidiaries and provides a range of financial services including insurance, asset management, property management, and banking.
The company’s insurance services include life insurance, health insurance, general insurance, and micro-insurance. The asset management division offers investment management services to individual and institutional clients.
Britam Holdings also has a property management business that provides property management services for both commercial and residential properties.
Additionally, the company has a banking subsidiary, Britam Bank, which offers personal and business banking services.
The company operates primarily in Kenya, but also has a presence in Uganda, Tanzania, Rwanda, South Sudan, and Mozambique. Britam Holdings is listed on the Nairobi Securities Exchange and has a market capitalization of approximately Ksh 16.8 billion as of March 2023
The starting salary at Britam Holding is a around Ksh 50,000 to Ksh 100,000 per month. Experienced managers and executives can earn salaries in the range of Ksh 1,000,000 to Ksh 5,000,000 per month.
12. Airtel Kenya
Airtel Kenya is a telecommunications company in Kenya that offers a wide range of products and services including voice, data, and mobile money services. It is a subsidiary of Bharti Airtel, a global telecommunications company based in India.
Airtel Kenya started its operations in Kenya in 2010 and has since grown to become one of the leading mobile network operators in the country, with over 14 million subscribers as of 2021.
The company offers a range of prepaid and postpaid mobile services including voice calls, SMS, and internet data.
It also offers value-added services such as Airtel Money, a mobile money transfer service that allows customers to send and receive money, pay bills, and purchase airtime.
Airtel Kenya has invested heavily in expanding its network coverage and improving the quality of its services to provide its customers with a seamless and reliable mobile experience.
The company has also been at the forefront of driving innovation in the telecommunications industry in Kenya, with a focus on providing affordable and accessible services to all segments of the population
Airtel Kenya can expect to earn a starting salary of around Ksh 20,000 to Ksh 80,000 per month. Those in higher positions such us managerial position take home a lamb some of up to Ksh 2,000,000 each month.
Disclaimer
It is important to note that the salary figures presented in this article are based on publicly available information and may not be accurate.
It is advisable that individuals seeking employment with these companies confirm the salary scales with the company. Additionally, salaries may vary based on individual qualifications, experience, and job position.