Kiharu MP Ndindi Nyoro tightens grip on Kenya Power with Sh48m shares

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Kiharu MP, Ndindi Nyoro. PHOTO | DIANA NGILA | NMG

Lawmaker Ndindi Nyoro has bought additional 5.2 million shares in Kenya Power, tightening his grip as the single largest individual shareholder in the near-monopoly electricity distributor.

Mr Nyoro raised his holding in the firm to 32.5 million shares, which is an equivalent of nearly 1.67 percent stake in the utility, at the end of June 2023 compared with 27.29 million in the same month last year, according to regulatory filings.

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