In the non-sintered nickel electrode for an alkaline storage battery according to the present invention, the active material powder is made up of composite particles, each comprising a nickel hydroxide-containing core particle and a shell layer coating the nickel hydroxide-containing core particle, the shell layer containing a bismuth-containing compound, or is made up of composite particles, each comprising a nickel hydroxide-containing core particle, an inner shell layer coating the nickel hydroxide-containing core particle and an outer shell layer coating the inner shell layer, the inner shell layer containing a bismuth-containing compound and the outer shell layer containing cobalt metal, cobalt monoxide, cobalt hydroxide, cobalt oxyhydroxide or a sodium-containing cobalt compound prepared by adding an aqueous solution of sodium hydroxide to cobalt metal, cobalt monoxide, cobalt hydroxide or cobalt oxyhydroxide to obtain a mixture and heat-treating the mixture in the presence of oxygen. Provided is a non-sintered nickel electrode for an alkaline storage battery, having a high active material utilization rate not only when charged at normal temperatures but also when charged at high temperatures, and having good charge-discharge cycle characteristics.