Douglas Mwiti 
From Left:The Incoming Chairman Tom Mulwa and Right:Outgoing Kiprono Kittonny,NSE
- NSE Appoints Tom Mulwa as Board Chairman, Kiprono Kittony Retires;
The Nairobi Securities Exchange (NSE) has announced changes to its Board leadership, with Mr. Tom Mulwa appointed as the new Chairman, effective July 13, 2026.
The appointment follows the conclusion of the six-year tenure of outgoing Chairman and Independent Non-Executive Director Kiprono Kittony, whose retirement takes effect on July 12, 2026.
In a statement, the NSE Board of Directors said the leadership transition is part of a review of the Board’s composition aimed at strengthening corporate governance, enhancing independence, and ensuring long-term institutional oversight at the Exchange.
Mr. Kittony leaves office after six years at the helm, during which the NSE achieved several notable milestones.Under his leadership, the Exchange ended an 11-year initial public offering (IPO) drought, introduced innovative investment products that expanded retail investor participation, and advanced the implementation of the Exchange’s ambitious 2025–2029 strategic plan.
The Board also credited his tenure with positioning the NSE among Africa’s top-performing stock exchanges, reinforcing investor confidence and supporting the continued growth of Kenya’s capital markets.
The Board welcomed Mr.Mulwa as its new Chairman, expressing confidence in his ability to build on the progress achieved over recent years.
“The Board warmly welcomes Mr. Mulwa and looks forward to his leadership as the Exchange builds on this strong foundation to deepen Kenya’s capital markets,broaden investor participation and create long-term value for shareholders and the economy,” the statement said.
