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Ndindi Nyoro: Kiharu MP now KPLC largest individual shareholder

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By Judith Gicobi

According to the most recent Capital Markets Authority (CMA) reports, Samson Ndindi Nyoro, the Kiharu Member of Parliament, is now KPLC’S largest individual shareholder.

By the end of June 2022, Nyoro had tripled his share count from 9,116,800 shares at the end of June 2021 to 27,291,400 shares.

Nyoro’s ownership position in the corporation rose from 12th to third as a result of the change, behind shares owned by the government and banks.

A share of Kenya Power retails for Ksh1.60, according to information from the Nairobi Stock Exchange.

The lawmaker, who would be starting his second term as MP for Kiharu, disclosed that his urge to invest at the state-owned power provider was fuelled by its enormous income and assets.

The MP stated that any buyer looking to invest in the business has a fantastic opportunity given the asset value.

The National Treasury owns the most shares as at the end of June 2022, totaling 978,492,034. This was an increase of 850,339 from the assessment from the previous year.

Treasury is the second-largest shareholder, with a holding of 32,518,589, followed by Standard Chartered Residual nominees.

Nyoro defeated Naran Khimji Hirani and Virji Khimji Hirani, who led the individual shareholder category the previous year, with a stake of 27.2 million. They have a combined 23,845,364 shares of KPLC.

However, the legislator’s wealth places him among the richest politicians in the nation. Afrisec Telecoms, Investax Capital, and Telesec Africa are some of his other properties.

The companies are valued at Ksh300 million, with a Ksh50 million yearly sales.

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He has also expanded his business into other industries, such as drilling, communication, water engineering, stock brokerage, and construction.

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