From Kenya Power to Kenya Airways: Why Ndindi Nyoro is betting on small NSE stocks
Kiharu Member of Parliament (MP) Ndindi Nyoro is building a reputation as an active investor on the Nairobi Securities Exchange (NSE), with stakes in companies whose share prices, business prospects and financial challenges vary considerably. From Kenya Power, where his early investment has generated substantial paper gains and dividend income, to loss-making Kenya Airways and […]
Kenyan politician Ndindi Nyoro is known for his investments in various companies listed on the Nairobi Securities Exchange (NSE). His portfolio includes Kenya Power, Kenya Airways, and Olympia Capital Holdings.
In 2023, Nyoro invested approximately Ksh56 million in Kenya Power by acquiring 32.5 million shares at an average price of Ksh1.58 per share. The stock's performance has since led to a substantial increase in the value of his holding, reaching around Ksh491.3 million by September 2026. He has also sold portions of his stake, resulting in dividend income.
More recently, Nyoro acquired a 9.76% stake in Olympia Capital Holdings on October 27, 2026. The investment, valued at Ksh29.8 million, allows him to potentially increase his holding to 25% and transform the company into an investment vehicle that could acquire other businesses and invest in various shares. However, he has expressed the possibility of selling his stake at a profit if the plan doesn't materialize.
Nyoro's investment in Kenya Airways represents a different risk profile. In April 2026, he bought 10.4 million shares in the struggling airline, which valued at Ksh49.2 million. The airline has faced financial difficulties, a net loss of Ksh17.1 billion in 2025, and a weakened balance sheet. While a turnaround could lead to a sharp increase in share price, the reverse is also possible.
The success of such a turnaround depends on factors such as the terms of the investment deal, the company's ability to improve earnings, financing requirements, and the sustainability of its operations.
Thus, Nyoro's investments in these companies illustrate the opportunities and risks associated with investing in smaller or turnaround-focused companies on the NSE.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
