Author: Kiptoo Kosgei

The 2022 Knight Frank wealth report revealed the number of dollar millionaires in Kenya as of 2021 stood at 3,362.

This was an increase of 39 compared to the same period in 2020.

The same report indicated that Kenya had 88 ultra-high net worth individuals (UHNWIs), whose net worth was estimated at over Sh 3.4 billion.

Highest Paid Bank CEOs in Kenya command some of the most lucrative executive pay-packages in corporate Africa, with total compensation running into hundreds of millions of shillings. Rapid shifts in profits, boardroom reward philosophy and economic headwinds have shaped 2025’s highest payouts. This list highlights the individuals at the helm of Kenya’s biggest banks, their estimated earnings and the broader implications for the financial services sector. In 2026, Kenya’s banking sector remains one of the highest paying corporate arenas for top executives, with chief executive officers (CEOs) of major commercial banks earning compensation packages that dwarf average national incomes. While…

Kenya is home to over 3,300 millionaires. According to the 2022 Knight Frank wealth report, the number of self-made dollar millionaires increased by 39 to 3,362 in 2021. The survey indicated that ultra-high net worth individuals (with a net worth of over Sh 3.4 billion) reduced by two 88 during the period under review. During the release of the report, Knight Frank Wealth Report editor Andrew Shirley said he knew Kenyans for their tough resilience in running successful businesses. “I have always been impressed by the high level of entrepreneurship in Kenya, having lived in Kenya before. You can see…

M-Shwari accounts for 29% of the local market share, followed by KCB M-Pesa at 12%, then Equity Eazzy, Tala and MCo-op Cash at 4%, 1.8% and 1.3%, respectively 55 of every 100  people acquire loans from digital lending applications Most Kenyans prefer digital lending platforms due to convenience, easy access and fast loan remittance Kenya has experienced massive digital credit lending services growth since the launch of M-Shwari in 2012. Digital lending apps have additionally been fueled by increased food prices and unemployment rates, forcing citizens to run to almost anything that can put food on their table. Currently, the…