Nairobi, March 7 -- The Nairobi Securities Exchange (NSE) has received regulatory approval for the extension of the term of its chairman Kiprono Kittony by one year.

Mr Kitonny became chairman of the bourse in July 2020 following the retirement of Samuel Kimani.

It was not immediately clear when Mr Kittony's term was ending but the Capital Markets Authority (CMA) has approved the extension of his contract by one year as part of decisions meant to ensure continuity at the self-listed entity.

The contract of the NSE's chief executive Geoffrey Odundo -who was to leave at the end of last month- was also extended by the same period.

In October 2022, the board of the NSE submitted a request to the market regulator for an extension of terms ...