Ndindi Nyoro Sells 3 Million KPLC Shares, Retains Top Individual Investor Status

By : Mweru Mbugua 

Kiharu Member of Parliament (MP) Ndindi Nyoro has sold 3.08 million shares of Kenya Power and Lighting Company (KPLC), earning KSh 37.8 million, but remains the largest individual shareholder of the firm

The second-term lawmaker has actively traded KPLC shares over the years, benefiting from the company’s recent market surge. Despite the sale, Nyoro’s stake now stands at 26.9 million shares, valued at approximately KSh 322.8 million based on the closing price of KSh 12 on 4 December 2025

His 1.3% ownership keeps him ahead of other individual investors

Nyoro initially acquired 32.5 million shares by June 2023 when prices were as low as KSh 1.58, positioning him as the top individual shareholder with a stake then worth KSh 51.3 million

Since that time, the stock has increased roughly 7.6 times, reflecting KPLC’s improved profitability and higher dividend payouts

In the 2024/2025 financial year, KPLC reported a net profit of KSh 24.47 billion on total revenue of KSh 219.29 billion

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The board approved a final dividend of KSh 0.80 per share, in addition to an interim dividend of KSh 0.20 per share earlier in 2025, marking the second consecutive year of shareholder rewards

Other individual investors have also increased their stakes in KPLC. James Ochieng Ooko bought 1.39 million additional shares, totaling 13.67 million, while Nehemia Ikuah added 1.29 million shares, bringing his total to 11.27 million

KPLC’s board chairperson, Joy Brenda Masinde, noted that the consistent dividend payouts reflect the company’s ongoing financial recovery and strategic transformation