{
  "id": 16868581,
  "title": "From Kenya Power to Kenya Airways: Why Ndindi Nyoro is betting on small NSE stocks",
  "url": "https://urgent.news/2026/10/28/from-kenya-power-to-kenya-airways-why-ndindi-nyoro-is-betting-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T07:58:30.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/insights/from-kenya-power-to-kenya-airways-why-ndindi-nyoro-is-betting-on-small-nse-stocks"
  },
  "original_language": "en",
  "account": "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.\n\nIn 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.\n\nMore 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.\n\nNyoro'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.\n\nThus, Nyoro's investments in these companies illustrate the opportunities and risks associated with investing in smaller or turnaround-focused companies on the NSE.",
  "summary": "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 […]",
  "key_points": [
    "Ndindi Nyoro invests in Kenya Power, Kenya Airways, and Olympia Capital Holdings",
    "Acquired 32.5 million shares in Kenya Power in 2023, now worth Ksh491.3 million",
    "Holds 9.76% stake in Olympia Capital Holdings, aiming for 25% ownership"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}