Ndindi Nyoro Buys Additional 5.2m Kenya Power Shares, Tightens Grip on Electricity Monopoly. The man of the hour

Ndindi Nyoro, a Kiharu Member of Parliament (MP), has strengthened his position as Kenya Power and Lighting Company's (KPLC) single largest individual shareholder after purchasing additional shares worth KSh 5.2 million.
The chairman of the National Assembly's Budget and Appropriations Committee increased his stake in the utility company to 32.5 million shares, representing a 1.67% stake. According to Business Daily, his total stake is now worth KSh 48.75 million. 

Kenya Power shares traded at KSh 1.52 per unit on the Nairobi Securities Exchange (NSE) on Thursday, August 3, compared to KSh 1.45 in August 2022. 

Ndindi Nyoro's KPLC shares 

Nyoro tripled his stake in KPLC in the first half of 2022. The legislator's shares tripled to 27,291,400 in June 2022, up from 9,116,800 at the same time in 2021. Nyoro's stake came in third after the government's 978.5 million, according to data from the Capital Markets Authority (CMA). 

Other Shares

Individual shareholding in the company stood at 49.9% in 2021, with the state controlling 50.1% of the total stake. Mama Ngina Kenyatta is another individual shareholder in the utility company, with a 0.11% stake as of 2021. Ndindi Nyoro's enterprises Aside from KPLC, the outspoken MP owns stock in other companies such as Afrisec Telcoms and Investax Capital. 
 

Send your hot story or video to info@homekazi.co.ke