Ndindi Nyoro: How I Made Ksh244M Profit From Kenya Power Shares in 4 Years

In June 2025, when the price of Kenya Power shares grew by over 750 per cent, many investors who had put their money at the utility firm made a significant profit.

One of the investors who grew his portfolio was Kiharu MP Ndindi Nyoro.

Speaking during a meeting with African American investors on Thursday, July 3, the legislators revealed that he had made a profit of Ksh244 million over the 4 years since he began investing at Kenya Power.

According to Nyoro, over the years, he has bought 30 million shares at Kenya Power.

He stated that within that period, he averagely spent Ksh1.89 per share, making his total investment Ksh56 million.

Notably, owing to investor confidence in the company and positive financial performance, the price of a share at Kenya Power grew from Ksh1.32 in December 2023 to Ksh11 in June 2025.

This made his investment value rise from Ksh56 million to over Ksh300 million.

"I bought those shares myself, not in 2023, but I have been buying for the last 4 years. My average buying price is about Ksh1.89. I was looking at my CDS account, where I have spent around Ksh56 million (roughly $430,000)," he stated.

"I kept telling my friends and family to buy the shares. Because even if you buy, what are you losing? I bought 30 million shares. As we talk today, the value of those shares only is close to Ksh300 million."

On his reasoning behind his investments in the stock market, he explained that stock market was more simpler to comprehend and monitor than other investments like bitcoins.

He also stated that there were so many opportunities in the stock market here in Kenya and across the continet.

"Africa offers various opportunities in Most segments. Of note are the opportunities that currently exist in the Nairobi Securities Exchange, Nigeria (NGX) among others for stocks that are evidently under valued," he stated.

"The Private Equity and Venture Capital segments also looks attractive across the continent."

In recent years, Ndindi has been listed as the largest individual shareholder at the utility firm. However, in 2023, he sold some of his shares estimated at Ksh20 million.

Kenya Power shares has grown in recent years and this has been attributed to its positive financial performance. In October 2024, the firm stated that it made Ksh30 billion net profit in the 2023/2024 financial year.

"Kenya Power’s share price has recorded a remarkable 750% growth over the past 18 months - rising from Ksh1.32 in December 2023 to Ksh11.10 as at end of yesterday, 26th June 2025," the company announced in June.