NSE appoints Tom Mulwa as chairman ahead of Kittony’s exit
Mulwa joined the NSE board as an Independent Non-Executive Director in September 2025 and boasts more than 30 years of experience in financial services...
✨ Key Highlights
The Nairobi Securities Exchange (NSE) has appointed Tom Mulwa as its new chairman, effective July 13, 2026, succeeding Kiprono Kittony.
- Tom Mulwa brings over 30 years of experience in financial services and is a pioneer of Liaison Group.
- The appointment was approved by the NSE board on June 30.
- Kiprono Kittony, who joined the board in May 2018 and became chairman in July 2020, leaves after overseeing significant developments including ending an 11-year IPO drought.
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Govt to Receive Sh200bn Safaricom Sale Proceeds Tomorrow - July 2026
The Kenyan government is set to receive over Sh200 billion from the sale of its 15 percent stake in Safaricom to South Africa's Vodacom, with funds expected to be deposited into the National Infrastructure Fund on Friday, July 2nd. Treasury Cabinet Secretary John Mbadi has separately assured Kenyans that the government remains committed to reducing Pay As You Earn (PAYE) tax, despite implementation delays. At the same time, the Nairobi Securities Exchange has appointed Tom Mulwa as its new chairman, effective July 13, 2026, succeeding Kiprono Kittony, ahead of the Safaricom transaction settlement.
