Mr Mwangi, who took over as CEO of the 60-year old securities exchange in November 2008, received a total pay-out of Sh13.5 million last year compared to Sh10.1 million earned in his first full-year at the helm.

This is a 34% jump...

The Nairobi Securities Exchange has recorded a steady growth during Mr Mwangi’s tenure, recovering from a loss of Sh35.8 million recorded in 2009 to last year’s after-tax profit of Sh262.3 million. The NSE’s total assets have climbed 279.3 per cent to Sh1.1 billion from Sh303 million in 2009.

...against an over 300% increase in profitability. Good job.

NSE filings reveal Sh1m monthly pay for chief executive