NSE Clarifies Reports on Kiprono Kittony’s Exit as Chair

The Nairobi Securities Exchange (NSE) has made an official clarification regarding recent reports claiming that its Board Chairman, Mr. Kiprono Kittony, EBS, has resigned.

According to the official statement, Mr. Kiprono Kittony, EBS, still remains the Chairman of the Exchange and has been actively involved in charting the strategic direction of the Exchange.

In its official public notice issued yesterday, the NSE has emphasized that recent media speculation regarding the Exchange’s leadership is “categorically inaccurate.”

According to the official statement, Mr. Kiprono Kittony, EBS, still has his term as Board Chairman valid until July 2026, while his term as Board Director is valid until June 2027.

“As a market regulator and a publicly listed company, NSE follows transparent and established governance procedures for all leadership transitions. These procedures are fully aligned to our Articles of Association, Capital Markets Authority (CMA) regulations, and other applicable statutory requirements.”

Governance Commitment and Stakeholder Communication

The Exchange emphasized its commitment to corporate governance and engagement with stakeholders.

NSE encouraged everyone in society and investors to only get their information from official channels.

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“Maintaining robust governance practices is central to our operations,” the statement said.

“We are committed to ensuring all stakeholders are informed through verified channels,” NSE added.

NSE also reminded stakeholders and market participants that leadership changes are made with stringent adherence to regulatory and organizational protocols.

Strategic Leadership for 2025-2029

Mr. Kittony will lead NSE through a strategy focused on innovation and growth in order to help NSE to meet its 2025-2029 goals of adhering to ever-changing rules and regulations.

One way in which Mr. Kittony can assist NSE is by instilling confidence in investors as the market continues to change over time.

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“The Exchange is well-positioned to execute its long-term strategy with consistent leadership,” the statement noted, reiterating Mr. Kittony’s involvement in ongoing efforts.

Investors, stakeholders, and members of the press are advised to rely only on official announcements from the Exchange to prevent misinformation and speculation about board activities.

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Nairobi Securities Exchange CEO Kiprono Kittony. PHOTO/ Kenya Wall Street.