Ndindi Nyoro to Pocket Sh32.3M From Kenya Power Shares

Kiharu Member of Parliament Ndindi Nyoro is set to earn approximately Sh32.3 million from his investment in Kenya Power if the company’s proposed dividend is approved by shareholders.

Nyoro is among the largest individual shareholders in Kenya Power, holding about 21.5 million shares in the electricity distributor as of June 2026.

The company has proposed a full-year dividend of Sh1.50 per share for the financial year that ended on June 30, 2026. Based on Nyoro’s reported shareholding, the proposed payout would translate to approximately Sh32.3 million before applicable taxes.

The proposed dividend represents an increase from the previous financial year, when Kenya Power paid Sh1 per share.

The company has already paid an interim dividend of 30 cents per share, with the remaining Sh1.20 per share proposed as the final dividend. The final payment will be subject to approval by shareholders at the company’s annual general meeting.

Nyoro’s investment in Kenya Power has attracted attention because of the size of his individual stake in the listed utility company.

Records indicate that his shareholding has reduced over the past several years. He held about 32.5 million shares in June 2023 before the number declined to approximately 30 million shares in December 2024, 26.9 million shares in June 2025 and 21.5 million shares by June 2026.

Despite the reduction, the remaining stake continues to place the Kiharu legislator among the company’s prominent individual investors.

Nyoro has previously explained that he bought a substantial number of Kenya Power shares when the company’s stock was trading at relatively low prices.

The proposed dividend comes at a time when Kenya Power has reported improved financial performance.

The electricity company recorded a significant increase in profit after tax during the latest financial year, supported by higher electricity sales and growth in its customer base.

Kenya Power reported electricity sales of approximately 12,777 gigawatt-hours during the year, up from 11,403 gigawatt-hours in the previous financial year.

The company also connected more than 411,000 new customers during the period as it expanded access to electricity across the country.

Kenya Power has additionally been working to reduce its financial obligations, with lower finance costs contributing to its improved bottom line.

For Nyoro, the proposed dividend provides another financial return from his investment in the power utility.

If the proposed Sh1.50 per share dividend is approved and he remains eligible for the full payout on his reported 21.5 million shares, the gross dividend would amount to about Sh32.3 million.

However, the final amount received by the MP could be lower after applicable tax deductions. The actual payout will also depend on his qualifying shareholding at the relevant dividend entitlement date.

Kenya Power shareholders are expected to consider the proposed final dividend at the company’s annual general meeting, after which the payment process will proceed if approved.

The development puts renewed focus on Nyoro’s investment portfolio and his long-standing interest in Kenya Power, one of the country’s largest publicly traded companies.