PRIME C&G mulls new staff pay plan after scrapping shares scheme 03.06.2026

Diversified trading firm Car and General (C&G) is planning to terminate its unimplemented employee share ownership plan (Esop) established in 2014, with a formal decision expected at the annual general meeting on June 23, 2026. Chief executive Vijay Gidoomal cited the Esop's never having been implemented and the company's belief in superior alternative incentive schemes as reasons for its discontinuation. C&G is currently exploring various benefits options for a new remuneration strategy, as employees are presently compensated solely through cash salaries and retirement benefits. The company's total staff costs rose to Sh1.5 billion in 2025 from Sh1.42 billion in 2024, partly due to an increase in workforce to 1,280 employees.

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