Nairobi Securities Exchange (NSE) has extended the tenure of its Chairman, Kiprono Kittony, by another year.
Although Mr Kittony’s term was coming to an end, the Capital Markets Authority (CMA) authorized an extension of his contract to ensure continuity at the self-listed entity.
CMA’s CEO, Wyckliffe Shamiah, informed Business Daily that since the current chairman’s term was about to expire when the request was made, the authority granted a one-year extension.
On March 2nd, NSE extended the tenure of its Chief Executive Officer Geoffrey Odundo by another year to maintain continuity as it searches for a new leader.
The extension decision of the Chairman’s and CEO’s tenure was made in light of the government’s short-term plan to list five State-owned firms on the Nairobi Stock Exchange.
Read Also: NSE Extends CEO Geoffrey Odundo’s Term by Another Year
