Edward H. Ntalami

Edward Haggai Ntalami (19 March 1947 – 20 November 2014) was a business executive and the former CEO of the Capital Markets Authority (CMA) of Kenya.

Prior to his appointment at the CMA, Ntalami was the executive director of Sterling Securities Limited, a local stockbroker.

At its peak in 1996, SSL was retained by Kenya Commercial Bank (KCB) as a sponsoring broker during its third share issue.

By 1998 the Sterling Securities Limited partnership was dissolved and, on 11 August 1999, SSL was suspended from trading on the NSE,[5] but later resumed its operations.

[6] Following the unexpected restructuring of the stockbroking business, Ntalami left to open and operate a Financial and Investment consultancy firm, Marited Associates.

His departure was immediately followed by the exit of Christine Mweti, the Head of Legal Services who was second in command at CMA, who since moved to Renaissance Capital.

Stella Kilonzo, was appointed the CMA acting chief executive, and confirmed as CEO on 15 July 2008 Some of the key events that have characterised the Chief Executive's tenure include: The Government sold 40 per cent of its stake in the 37-year-old reinsurance firm, or 240 million shares, through an initial public offering (IPO) at the Nairobi Stock Exchange (NSE).

It is expected that this will give the market a better image, which reflects the true value of the bourse as opposed to retaining less active stocks in the Index.

[7] [8] On 4 June 2007 the AccessKenya Group was listed on the Nairobi Stock Exchange, becoming the first Information Communication Technology (ICT) company to do so.

An attempted takeover bid of Carbacid Investments by BOC Group was aborted after the capital markets regulator declined to endorse the deal.

The protracted takeover saga, that has seen the two counters suspended for over four(4) years was resolved in November 2009, as trading in carbon dioxide manufacturer Carbacid shares resumed after suspension since 2005.

Listing and official trading of Equity Bank shares on the NSE commenced on 7 August 2006; a day which saw the price move from Kes.

[18] On 17 July 2006, the initial public offering of Scangroup Limited shares kicked off what was to be a historical listing at the NSE.

[20] In April 2006, the Government offloaded 659.51 million shares in Kenya Electric Generating Company (KenGen) through the capital markets.

[9][permanent dead link‍] On 23 December 2005, CFCStanbic Bank officially listed 12.0 million new shares, arising out of its successfully completed rights issue.

In October 2005, the retail chain, already facing serious financial challenges, received approval from the CMA for its shareholders to inject an extra Kes.

Analysts then observed that were the plan to fail due to shareholder reluctance, the retail chain would have to find a new equity partner to fund its recovery.

Ntalami (seated first from right) at a retreat with leading stock exchange and capital markets officials. Windsor Golf and Country Club, Nairobi, Kenya .
Former CMA chairman, Chege Waruinge with former CMA CEO, Edward Ntalami, at a business seminar.
Diani Reef Hotel, Mombassa , Kenya.
CMA logo
Ntalami and Mbaru at an NSE Board Retreat. Great Rift Valley Lodge, Naivasha.
Nelius Kariuki, the Kenya Reinsurance MD, rings the bell during the opening of the Kenya Re IPO. Looking on (back-left) is former CMA CEO Edward Ntalami.