NSE Appoints New Non-Executive Director

The Nairobi Securities Exchange (NSE) has appointed Nancy Noreh Angano as a Non-Executive Director, representing trading participants on the bourse’s Board.

In a statement on October 9, the NSE Board welcomed Noreh’s appointment, expressing confidence that her experience and leadership will play a key role in advancing its strategic agenda and driving sustainable growth within Kenya’s capital markets.

“The Board of the Nairobi Securities Exchange Plc (NSE) is pleased to announce the appointment of Ms. Nancy Angano Noreh as a Non-Executive Director representing trading participants,” read the statement.

Established in 1954, the NSE is Kenya’s primary stock exchange and one of the oldest in Sub-Saharan Africa.

Career Background

Noreh is a financial services executive who brings a wealth of experience in Kenya’s capital markets, having served in senior leadership roles across the investment and asset management sectors.

She currently serves as the Acting Chief Executive Officer of Sterling REIT Asset Management, where she is responsible for strategic planning, performance oversight, and stakeholder engagement.

She also doubles as the General Manager at Sterling Capital, where she has previously held the role of Head of Finance and Administration, overseeing finance, risk management, internal controls, and business performance.

Beyond her executive career, Noreh has served on several boards, including Sterling REIT Asset Management Limited, the Kenya Association of Stockbrokers and Investment Banks (KASIB), Afvest Limited, the Nairobi Baptist Church Investment Company, and the ACCA Kenya Advisory Committee.

Nancy Noreh Educational Background

Nancy Noreh holds a Master of Commerce in Finance from Strathmore University and a Bachelor of Arts in Economics from Moi University.

She is a Fellow of the Association of Chartered Certified Accountants (FCCA) and holds a qualification from the Chartered Institute for Securities & Investment (CISI).

Moreover, she is a member of the Institute of Certified Investment and Financial Analysts (ICIFA), Kenya.

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Board Composition

• Up to two directors are elected by NSE members to represent the interests of trading participants.
• Two directors are elected by NSE members from among nominees of listed companies to represent the interests of those companies.
• Additional directors may be elected in accordance with the Companies Act, but at least one-third of the Board must always comprise independent non-executive directors.

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Limits on Outside Board Membership

To ensure effective participation and avoid conflicts of interest, NSE set the following limits on outside board memberships for its directors and senior management:

a) The Chairperson of the NSE Board shall not hold a similar position in more than two publicly listed entities at any one time.

b) A Non-Executive Director of the NSE shall not serve as a Non-Executive Director in more than three publicly listed companies simultaneously.

c) An Executive Director of the NSE shall be restricted from holding a similar position in another listed company and must avoid any appointments that could interfere with their commitment or responsibilities to the Exchange.

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