Kiharu Member of Parliament Ndindi Nyoro sold 3.08 million shares of Kenya Power with a current market value of Sh37.8 million in the six months to June 2025, booking part of his profitable investment in the electricity distributor.
The sale reduced his holdings to 26.9 million at the end of June this year compared to 30 million shares in December 2024. He remains the top individual investor with a stake of 1.3 percent.
The stake is now valued at Sh322.8 million based on Kenya Power's closing price of Sh12 yesterday, having posted major gains from the share price rally that has been driven by the company's return to profitability and increased dividends.
Mr Nyoro had accumulated 32.5 million shares of the company at much lower prices to emerge as the top individual shareholder with a stake valued at Sh51.3 million at the end of June 2023 when the share price closed at Sh1.58.
The stock has risen by about 7.6 times since then, boosting the fortunes of investors who bought the stock when it was trading cheaply. The share price hit a record high of 15.8 on October 03, 2025.
Mr Nyoro has been buying and selling the company's shares over the years, with his previous sales occurring in the six months to December 2023 when he traded 11.78 million units.
Two other individual investors increased their shareholding in Kenya Power in the six months to June this year, setting them up for enhanced dividend payouts from the company.
James Ochieng Ooko bought an additional 1.39 million shares in the six-month period to June this year, pushing his total shares to 13.67 million.
Nehemia Ikuah Ruhari was the other individual shareholder who increased his ownership stake with a purchase of 1.29 million shares, boosting his total to 11.27 million units.
“I can assure our investors that this (dividend) is not a one-off and for the next few years they should expect to see growing profitability and more value for their money,” Joy Masinde, chair of the Kenya Power board of directors said when the company announced its results for the year ended June 2025.
Kenya Power's net profit dipped 18.66 percent to Sh24.46 billion in the review period as lower electricity prices and higher finance costs ate into the increased power sales.
But the firm enhanced its dividend payout to Sh1 per share for the year ended June 2025 from Sh0.70 a year earlier, boosting earnings for its big individual shareholders like Mr Nyoro.
The firm’s fortunes are set to get a major boost from July 2026 if it maintains the growth in electricity sales. This is because new electricity tariffs which are expected to be higher than the current ones will kick in.
