Kiharu MP Ndindi Nyoro has seen the value of his stake in Kenya Power jump to Sh210 million from Sh33 million six months ago after the stock’s recent rally of more than 300 percent, underlining the large gains available to investors who acquire shares when valuations are depressed in a bear run.
Latest regulatory filings show that the second-term lawmaker held 30 million Kenya Power shares by the end of December, equivalent to 1.54 percent of the company, having increased his stake from 20.08 million shares at the end of June 2024.
