The Only 4 Female CEOs of Companies Listed at The Nairobi Stock Exchange

  • According to the Nairobi Stock Exchange latest annual reports, only four out of the 62 listed companies have female CEOs or managing directors.

    The study also went to show that only three out of the 62 companies have a board of directors chaired by women.

    Out of the four CEOS, Diamond Trust Bank’s managing director and Group CEO in East Africa, Nasim Devji, is the longest-serving since her appointment in 2001.

    Nasim Devji, Diamond Trust Bank CEO

    She is also Member-Executive Council at Kenya Bankers Association, Member of Institute of Directors (Kenya) and Associate of The Chartered Institute of Taxation and on the board of seven other companies.

    Beverley Spencer-Obatoyinbo is the managing director of British American Tobacco Kenya and director of BAT East and Central Africa since May 2017. 

    Spencer was the General Manager at British American Tobacco Middle East and the Caucasus and the Marketing Director at British American Tobacco Nigeria before her appointment.

    Another CEO is Rebecca Miano - the managing director and chief executive officer of KenGen and has served in her capacity since 2017.

    She is one of the only two women in Kenya who lead a parastatal. She was decorated with the Order of the Grand Warrior of Kenya (OGW), in recognition of her of work In 2010.

    BOC Kenya managing director, Marion Gathoga-Mwangi was appointed to her new role earlier this year.

    Marion formerly headed the Association of Certified Chartered Accountants (ACCA) and has worked as a senior executive with over 20 years of local and international experience in commercial and general management.

    The three ladies who chair the board of directors in the companies include, Anne Mutahi, of Standard Chartered Bank, Isabella Ocholla-Wilson of Unga Group, and Lucy Waguthi of Eveready East Africa.

    The revelations come at a time when women in parliament have been pushing for equal representation in the house, by pushing for the implementation of the two-thirds gender rule.

    The much-debated Gender Bill, sponsored by Parliament majority leader, Aden Duale, was deferred to next year.