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Kenya: The Nairobi Securities Exchange (NSE) has announced the exit of its Chief Executive, Peter Mwangi. This comes after six years at the helm of East Africa’s largest exchange.
The move, according to the bourse’s board, is in compliance with the amendments to the Capital Markets (Licensing Requirements) Regulations (2002), which require the CEO of an exchange to serve for only two terms. The new regulations came into force in 2012. In a statement to the newsrooms, Chairman Eddy Njoroge said recruitment of his successor would commence immediately.
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