Press "Enter" to skip to content

How much African leaders earn, Biya tops the list

Dar es Salaam (The Citizen) – The revelation by President John Magufuli that he earns only FCFA 250,000 a month has cast into the spotlight the salaries of heads of state across Africa and the eastern African region in particular.

In Africa, Mr Magufuli’s pay is less than a tenth of that of his Cameroonian counterpart and just about a quarter that of Kenya’s President Uhuru Kenyatta. Mr Kenyatta earns FCFA 1 million.

Cameroonian president Paul Biya tops the list of the highest paid heads of state in Africa with a monthly salary of FCFA 27 million. Mr Biya has been in office for three and a half decades. Mr Biya’s salary is close to that of top corporate executives in Kenya such as the Kenya Commercial Bank Group’s CEO Joshua Oigara who revealed two years ago that he earns FCFA 25 million monthly in salary and allowances.

Mr Biya is followed by Morocco’s King Mohammed and South Africa’s Jacob Zuma, the only other African heads of state who get a monthly pay in excess of FCFA 10 million.

Uganda’s Yoweri Museveni is the highest earning East African head of state with a monthly salary of FCFA 7.8 million, followed closely by Mr Kenyatta with a monthly pay of FCFA 7.1 million.

Rwanda’s Paul Kagame comes a distant third, earning half of what his Kenyan counterpart gets. Only nine earn above FCFA 5.2 million.

Research by the Business Daily has revealed that only nine African heads of state earn more than FCFA 5.2 million a month.

Bottom of the list is Sierra Leone’s Ernest Koroma who pockets an equivalent of FCFA 500,000 a month.

According to the office of the president of Sierra Leone, Mr Koroma took a voluntary 50 per cent pay cut in 2015 to help fund the fight against Ebola in the country.

Other African states whose presidents earn less than FCFA 500,000 million a month include Guinea, Cape Verde, Tunisia and Senegal.

 

Be First to Comment

Leave a Reply

©THE NATIONAL TIMES NEWS
%d bloggers like this: