Family Bank Ltd founder Titus Muya received Sh128.63 million in total director remuneration for the year ended December 2025, placing him among the highest-paid board members at the lender. The amount was largely linked to lump-sum benefits from his previous executive role as Chief Investment Officer.
The bank disclosed that the payment was tied to his past position, stating that lump sum benefits for Mr. T.K. Muya as the former CIO totaled Ksh128,628,000. This explains the significantly higher earnings compared to other directors on the board.
Overall, total board remuneration at Family Bank rose to Sh248 million, covering directors’ fees, allowances, and committee-related payments. However, individual earnings varied widely, with most directors receiving between Sh1.2 million and Sh25.9 million depending on their roles and committee responsibilities.
The disclosures also indicate that directors are not entitled to any share option arrangements or long-term share incentive schemes. This highlights the difference between payments linked to past executive roles, such as Muya’s, and the standard compensation structure for independent directors who mainly serve in oversight roles.
The Teachers Service Commission has unveiled a sweeping promotion framework that reduces job groups to…
The National Assembly’s Finance and National Planning Committee has rejected several aggressive tax proposals in…
Stanbic Holdings Plc facilitated KES133 billion in trade financing in 2025, exceeding its KES90 billion…
The Ahero Irrigation Scheme in Kisumu County is undergoing a Sh5.1 billion infrastructure overhaul to…
Mandera County’s drainage depends almost entirely on the River Daua, sometimes spelled Dawa. While most…
Mobile money is increasingly becoming a key tool for businesses operating across Africa. Growing demand…