The benchmark NSE 20 share index shed off 6.43 points to close at a multi-year low of 1797.67. According to data from the Finacial Times, the NSE 20 Share Index is at levels last seen in 2003. Over the last 12 months, the index has shed more than 30%.

Safaricom was trading at an average of Ksh 26.85 closing the day with a 4.62% share price depreciation. Safaricom saw a 93.7% foreign investor participation. Safaricom books closure was on 31st July with shareholders expecting to receive a dividend of Ksh 1.40 on 30th August.

Kittony had been serving on the board after being appointed as a director of the NSE on May 30, 2018.

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

“I am very honored and privileged to be appointed as the next Chairman of the leading Securities Exchange in East and Central Africa. I salute the outgoing Chairman and will build on his excellent stewardship,” Mr. Kittony said.

The Nairobi Securities Exchange-listed firm Monday redeemed its Sh6.6 billion outstanding corporate bond, enabling it to cut finance costs and raise cash returns to shareholders.

The latest debt settlement follows the retirement of Sh7.8 billion dollar-denominated loans in September last year.