Directors of NSE

Mr. Kiprono Kittony, EBS, Chairman

Mr. Kittony holds both a Bachelor of Commerce (B,Com) degree and a Bachelor of Laws (LL.B) degree from the University of Nairobi and a Global Executive MBA from the United States International University (USIU).

Mr. Kittony was appointed Chairman of the NSE Board on July 13, 2020 and as a Board Director of the NSE on May 30, 2018. He is the immediate former National Chairman of the Kenya National Chamber of Commerce & Industry (KNCCI), the premier business membership organization in Kenya.

He is an established entrepreneur and business leader having served in several capacities including being the immediate past Chairman of the Media Owners Association and AAR Insurance Limited. During his seven year tenure at the KNCCI, he was widely credited with revitalizing the organization through a series of transformative initiatives that placed the Chamber at the forefront in terms of shaping national trade and general economic policy.. 

He serves as the chair of the CreditInfo CRB Kenya Limited, Mtech Limited and Radio Africa Group (which he co-founded in 2000). He sits on the advisory council of the International Fund for Health in Africa (IFHA), an Amsterdam based private equity fund and is one of two representatives from Africa in the Global Council of the World Chambers Federation.

Mr. Bob Karina, Vice Chairman

Bob Karina is the Founder, Chairman of Faida Investment Bank, Corporate Finance Specialist, an accomplished Stockbroker and Research Analyst. He is the Vice Chairman, Nairobi Securities Exchange (NSE), Chairman of the Rwanda Stock Exchange, Chairman of Norwich Union Properties Ltd., Director Kenya Industrial Estates and served as Director of Kenya Private Sector Alliance and Kenya National Chamber of Commerce and Industry, among others.

Bob, holds an MSc in Corporate Finance from the University of Liverpool, UK, in addition to technical and professional qualifications from the Institute of Systems Science, National University of Singapore, International Statistical Programs Center, United States Bureau of the Census, USA, Hong Kong Polytechnic Industrial Center, Institute of Development Studies, University of Sussex, UK., E.A. Statistical Training Centre, University of Dar-es-Salaam, Tanzania and London Institute of Statisticians.

Bob is a Founder Member of the Institute of Certified Investment and Financial Analysts (ICIFA), serves as the Chairman of the Association of Kenya Stockbrokers Nominees Ltd. He is a Member of the Institute of Directors, Director of the Central Depository and Settlement Corporation (CDSC), the NSE Clear Ltd., Trustee of both NSE Investor Protection Fund and NSE Derivatives Settlement Guarantee Fund.

Bob played a critical role in the establishment of the CDSC, the NSE Automated Trading System, the Wide Area Network and the Broker Back Office at the NSE as the Chairman of the Implementation Committee that spearheaded developments in Kenya’s Capital Markets.

For over two decades, Bob has acquired vast experience in Investment Banking and is passionate about supporting organizations improve their bottom line, list on the exchange, mergers and acquisitions, raise capital, grow and thrive.

He is married to Jennifer Karina, has three children and several grandchildren, enjoys jogging, swimming and playing golf.

Mr. Samuel Kimani

Mr. Kimani holds an MBA in Strategic Management and a BSc. in Civil Engineering, both from the University of Nairobi. He is a certified Public Accountant of Kenya (CPA-K) and a graduate of the Advanced Management Program (AMP 177) from Harvard University.

Mr. Kimani was appointed Chairman of the NSE Board on March 21, 2012. He has a wealth of experience in the banking industry having served as the immediate former Managing Director and Chief Executive Officer of Jamii Bora Bank Ltd. He has also served as the Deputy CEO and Finance Director of the Kenya Commercial Bank (KCB) Group.

Prior to this, he served at the Central Bank of Kenya (CBK) as Deputy Chief Banking Manager, Deputy Director Financial Markets, Principle Financial Accountant, and the Chief Internal Auditor. He also headed the Surveillance Division of the Deposit Protection Fund and served as a Senior Auditor at PriceWaterhouseCoopers. He sits on the boards of the Central Depository and Settlement Corporation (CDSC) and is a member of the University of Stellenbosch Executive Education Advisory Board (USB-AB). 

Mr. Hosea Kili

Mr. Kili holds an M.B.A. in Strategic Management from the Management College of Southern Africa (MANCOSA). He is an Advocate of the High Court of Kenya, Fellow of the Institute of Certified Public Secretaries of Kenya F(CPS(K) and Fellow Member of the Kenya Institute of Management.

Mr. Kili is the Group Managing Director and CEO of CPF Financial Services Ltd. He is the former Chairperson of the East & Central Social Security Association (ECASSA), a regional social security body. He has considerable training and experience in legal issues, corporate governance, management and investment of pension schemes.

In 2011, Mr. Kili was conferred the Order of the Golden Warrior (O.G.W), a Head of State award for his exemplary service by H.E the President of Kenya.

He is also a Non- Executive Director of Nairobi Securities Exchange (NSE); currently Chairman of Association of Pension Administrators of Kenya (APAK) and Chairman of ICL, a subsidiary company of ICPSK.


Mrs. Nasim Devji

Mrs. Devji is currently the Managing Director and Group Chief Executive of Diamond Trust Bank Group. Mrs. Devji joined the DTB Group in 1996 following which she was appointed Group Chief Executive Officer of Diamond Trust Bank in East Africa in 2001.

She is a Fellow of the Institute of Chartered Accountants of England and Wales, an Associate of the Institute of Taxation (United Kingdom) and a Fellow of the Kenya Institute of Bankers. In addition to being a Director of Nairobi Securities Exchange Limited, Mrs. Devji is also a Director of DTB Tanzania, DTB Uganda, DTB Burundi, Jubilee Insurance Burundi and Diamond Trust Insurance Agency Limited. She is also a member of Kenya Deposit Insurance Corporation.


Mr. Michael Turner

Mr. Turner holds a first class degree in Civil Engineering. He is a Fellow of the Institute of Chartered Accountants in England & Wales.

Mr. Turner was appointed a Board Director of the NSE on March 26, 2015. He is the Managing Director of Actis Limited in East Africa and is responsible for Actis’s USD 300 million Private Equity Fund with investment in Energy and Real Estate in East Africa.

He has extensive experience in private equity having served as the Manager of the Actis Africa Agribusiness Fund and the founder manager of the first Small and Medium Sized Enterprises (SME) Private Equity fund in East Africa – the Acacia Fund.

Mr. Turner has deep understanding of Private Equity investment in agribusiness, financial services, real estate and infrastructure throughout Sub Saharan Africa. Prior to joining Actis, Michael worked in investment banking in London for Lehman Brothers and Kleinwort Benson, having started his career with Price Waterhouse. 


Mr. Paul Vollant

Mr. Vollant, holds an MSc in Business Administration from the ESDES Business School at the Catholic University of Lyon (France) and is a Graduate of the Australian Institute of Company Directors.
He is the Director of Sales & Trading at Largo Resources, a Canadian listed mining company. Prior to joining Largo, Mr. Vollant was the Ganeral Manager of Business Development at TNG Ltd. in Shanghai, China and before that the Managing Director of Element Commodities where he spearheaded the company’s European Middle East and African (EMEA) trading and investments in the mining assets in French Speaking Africa. 
He began his career with the Noble Group in Hong Kong and London.


Mr. Geoffrey Odundo, Chief Executive

Mr. Odundo holds a Master’s degree in Strategic Management and an undergraduate degree in Mathematics and Economics. He is an Advanced Management Program (AMP) graduate from Strathmore Business School.

Mr. Odundo was appointed Chief Executive of the NSE on March 3, 2015. He is an accomplished Investment Banker having been in the financial services sector for the last 27 years, 21 of which have been in the Capital Markets.

Prior to his appointment, Mr. Odundo was the Managing Director and Chief Executive Officer of Kingdom Securities Limited. He was instrumental in the setting up of Coop Trust Investment Services, Co-op Consultancy Services Limited and Kingdom Securities Limited.

Mr. Odundo has advised on a number of corporate finance mandates in both the public and private sectors; he has also managed key mandates in the asset management industry. He has contributed to the growth of the Capital Markets in his previous role as a Director/Board Secretary - Kenya Association of Stock Brokers and Investment Banks, Chairman of the Financial Standards Committee - Kenya Bureau of Standards as well as the Board Director of the Nairobi Securities Exchange PLC. Mr. Odundo serves as a Director of the Central Depository and Settlement Corporation (CDSC) Limited, Director of the NSE Clear Limited; and a trustee of the NSE Fidelity Funds.

He is a member of the Central Bank Consolidative Forum for Domestic Debt Market (CFDDM) and a Council Member of the Institute of Certified Investment Financial Analysts (ICIFA). Mr. Odundo is also a board member of the Africa Securities Exchanges Association (ASEA), a Director of the East African Securities Exchanges Association and a Member of the Thomson Reuters Africa Customer Advisory Network. 



Ms. Risper Alaro

Ms. Alaro holds an MBA in Finance from the United States International University Africa (USIU-A) and a Bachelor’s Degree in Business Management from Moi University. She is a fellow of the Association of Certified Chartered Accountants (ACCA), a member of the Institute of Certified Public Accountants of Kenya (ICPAK), an International Coach Federation Associate Certified Coach (ACC), and a Certified Executive Leadership Coach. She is a fellow of the Archbishop Desmond Tutu Africa Leadership Fellowship.

Ms. Alaro was appointed a Non-Executive Director on the Board of NSE on May 30, 2018.  She also serves as a Non-Executive Director on the Board of BK Group PLC, and is a practicing Executive Leadership Coach. She previously served Centum Group PLC as Managing Director of one of its subsidiaries; Centum Business Solutions, and as the Group Finance & Operations Director.



Mr. Paul Mwai

Mr. Mwai holds an MBA from Strathmore University and a Bachelors of Business from the University of Southern Queensland. He holds an Investment Management Certificate from UK Society for Investment Professionals and is an Associate Member of the Chartered Institute of Bankers. He is an Authorized Representative for the Growth Enterprise Market Segment (GEMS) of the NSE.

Mr. Mwai was appointed a Board Director of the NSE on May 30, 2018. He is the Chief Executive of AIB Capital and the Chairman of the Kenya Association of Stock Brokers and Investment Banks (KASIB). He has over twenty years’ experience in the financial services industry including fund management and investment banking.

He has worked in various departments within the Barclays Group, including Barclays Merchant Finance Ltd (BMFL) and Barclays Dealing Centre, before joining the Barclaytrust Investment Services Group in 1998 as a Fund Manager. He served as a Senior Portfolio Manager at Old Mutual Asset Managers following the acquisition of BarclayTrust by Old Mutual in October 2002 and as an Asset Allocation Strategist. He joined AIB Capital in February 2012 from African Alliance Investment Bank where he was Chief Executive.


Ms. Isis Amondi  Nyong'o Madison

Ms. Madison is a business leader with over fifteen (15) years’ experience in scaling digital and media businesses across Africa. She is the founder of MumsVillage and is a Principal at Asphalt & Ink. She previously held notable leadership positions on the Africa teams of InMobi, Google and MTV Networks.

She holds an MBA from Havard University and a  Bachelor of Ars Degree in Human Biology from Stanford University.

She has received several recognitions for her contribution to Africa’s entrepreneurial ecosystem among them Top 20 Women by Forbes Africa and recognized as a Young Global Leader by the World Economic Forum.


Market Summary

Summary as of 16 April 2021
NSE 20 SHARE INDEX 1,882.96
NSE 25 SHARE INDEX 3,635.74
ETF in Units-Total Deals 0.00
ETF Turnover in KES 0.00
FTSE NSE Kenya 15 Index 190.25
FTSE NSE Kenya 25 Index 215.29
FTSE NSE Kenya Govt. Bond Index 97.04
FTSE ASEA Pan African Index 990.41
More trading Stats
MARKET CAPITALIZATION (KES billions ) 2,536.39
TOTAL SHARE TRADED 11,167,300.00
EQUITY TURNOVER 313,420,334.09
I-REIT TURNOVER 674,584.00

Market Status

0900 Hrs-0930 Hrs(+3 GMT)Pre-Open
0930 Hrs-0931 Hrs(+3 GMT)Auction
0931 Hrs-1500 Hrs(+3 GMT)Open
1500 Hrs-0900 Hrs(+3 GMT)Close

Market Activity

Top gainers Price(KES) Change(%)
EGAD 15.00
HAFR 0.40
NSE 8.76
CIC 2.29
HFCK 4.00
Top losers Price(KES) Change(%)
UMME 6.82
LKL 4.30
CARB 11.20
I&M 46.00
BKG 24.55

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