The Nairobi Securities Exchange has moved to clear the air over reports circulating in sections of the media that its board chairman Kiprono Kittony had stepped down from the role, stating that the information is incorrect and that he continues to lead the institution.
In a public notice released on Wednesday, the exchange said Kittony remains the chairman and is actively overseeing the organization’s work, including the implementation of its strategic plans for the coming years.
“Recent media reports about the departure of Board Chairman Mr. Kiprono Kittony, EBS are categorically inaccurate. Mr. Kittony remains Chairman and is actively leading the Exchange in advancing its 2025–2029 Strategy,” the statement read.
According to the exchange, Kittony’s term as board chairman is expected to run until July 2026. His role as a director on the board will continue even longer, lasting until June 2027.
The clarification was issued after what the exchange described as misleading reports about possible leadership changes within the institution. The exchange said it was important to correct the information to ensure stakeholders receive accurate updates about its leadership and operations.
NSE also stressed that leadership changes within the institution follow clearly defined governance procedures and legal requirements.
“As a market regulator and a public listed company, NSE follows transparent and established governance procedures for all leadership transitions, in line with its Articles of Association, Capital Markets Authority (CMA) regulations, and statutory requirements,” the exchange said.
The clarification comes as the securities exchange continues to roll out its 2025–2029 strategy, which is focused on strengthening the country’s capital markets, creating more investment opportunities and improving how the market operates.
The exchange said it remains committed to strong corporate governance and assured investors and other stakeholders that official updates on its leadership and operations would always be communicated through verified channels.
“We remain committed to maintaining strong corporate governance and to keeping stakeholders informed through official NSE channels. For accurate updates, please refer only to our official communications,” the notice stated.
The statement was issued after earlier media reports suggested that Kittony had resigned from the board of the Nairobi Securities Exchange following his appointment as board chairman of Kenya Airways on March 1, 2026.
According to those earlier reports, Kittony was said to have stepped down after serving on the NSE board for about six years since 2020.
The reports also indicated that his move to the national airline came after he succeeded Michael Joseph, who retired from the position, which led to speculation about whether he would continue serving as chairman at the securities exchange.
