× Digital News Videos Opinion Special Reports Lifestyle Central Coast Eastern Nairobi North Eastern Nyanza Rift Valley Western Business News Stocks Financial Standard Africa Asia America Europe Weird News Editorial Commentary Letters Crazy World Features Entertainment Money & Careers Health & Science Sci & Tech Home & Away Generation Next Cartoon Education Pointblank Environment Travel & Destination Columns Kipkoech Tanui uReport Kiambu Murang'a Nyandarua Kirinyaga Nyeri Baringo Bomet Elgeyo Kajiado Kericho Laikipia Nakuru Nandi Narok Samburu Trans Nzoia Turkana Mombasa Kwale Kilifi Tanariver Taita Taveta Kakamega Vihiga Bungoma Busia Siaya Kisumu Homabay Migori Kisii Nyamira Nairobi Uasin Gishu West Pokot Sunday Magazine The Hague Trial Kenya @ 50 Education and Training Health and Environment Insurance and Financial Security Housing Current Affairs Humour Makau Mutua David Oginde Clay Muganda Comand Your Morning Mohamed Wehliye Wednesday Life Alexander Chagema Arts & Culture Kamotho Waiganjo Barrack Muluka Xn Iraki Urban Rights - By Steve Ouma Branding Voice KCB Fredrick Ogola Sunday Magazine Wanja Kavengi Njoki Kaigai David Oginde Ken Opalo Daisy Maritim Houghton Irungu Hustle News Group Stages Round of 16 Quarter Finals Semi Finals Finals Third Place play-offs Opinion Dr Pesa Podcasts Round Table Sepetuko Eve Woman Ramadhan Special Fact Check Correction Explainers The Standard Insider Blog E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

NSE Board re-appoints Odundo, renames senior positions

By Standard Reporter | March 1st 2019 at 10:12:17 GMT +0300

Nairobi Securities Exchange CEO Geoffrey Odundo

NAIROBI, KENYA: The Nairobi Securities Exchange (NSE) Board has re-appointed Geoffrey Odundo as the body’s chief executive officer for another 4-year period.

In an announcement made on Friday, the Board also made changes to its senior management team, in line with the the organizational structure.

The Board says Odundo will continue to oversee the implementation of the company’s strategy, especially as it transition into a new strategic plan period from 2020.

In other changes, the Board also appointed David Wainaina as the Chief Operating Officer, David Waggema, Head of Business Development and Loise Wangui as the Head of Regulatory Affairs.

Last year, the Deputy President William Ruto challenged NSE to tap into the private sector to end the listing drought.

Deputy President William Ruto noted that the Government’s privatisation policy had brought to the market key firms such as KCB, Safaricom and KenGen, but the bourse should not overrely on such initiatives for new listings.

“Our understanding is that it must not be a preserve of public companies. We need a mechanism where private companies, which are in their thousands, can join the NSE,” he said.

Reacting to the DP’s call, NSE Chief Executive Geoffrey Odundo said the challenge was ‘valid’ but blamed the listing drought on the capital gains tax and global economic downturn even as he expressed optimism for more listings.

“It is a challenge we are alert to and are keen to strengthen our incubation programme to help identify gaps in listing,” he said, adding that the bourse would reach out to Government to help address this.

Read More