James Ndegwa exits CMA after six years

Mr James Ndegwa, the Capital Markets Authority (CMA) board chairman. PHOTO | SALATON NJAU | NMG

The tenure of billionaire businessman James Ndegwa at the Capital Markets Authority (CMA) has come to an end, bringing to a close his six-year term that was marked with conflict of interest accusations.

Mr Ndegwa, who was first appointed to head the board in April 2015 and reappointed on March 28, 2018, announced his exit at the regulator at a closed virtual CMA forum on Tuesday.

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